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View Diary: Nelson, wife own as much as $6 million in Berkshire stock (105 comments)

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  •  "casual media fed concept" (1+ / 0-)
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    of derivatives is the only reason to disagree with you?

    Your profound and ill-founded arrogance is showing.

    •  But its the truth. (0+ / 0-)

      99% of the public have only a slight clue to how derivatives work.  Sure, they can maybe mumble CDO, casino, and short and trillions.  But they don't know what they are talking about.

      Can the average taxpayer tell us how abacus 2007-ac1 was constructed? Have they read the offering book? Do they know the difference between super-senior and mezzanine?  If they can, would they be able to construct tranches of CDOs into the synth?  What would the interest rates be by tranche?

      No, I stand by my statement.  The public is chanting "derivatives are bad, stop the CODs."  All while not really having much of a clue.  

      H. L. Mencken noted that Alf Landon "simply lacks the power to inflame the boobs."

      by DavoInRI on Wed Apr 28, 2010 at 01:19:33 AM PDT

      [ Parent ]

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