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Marie Cocco: Our surfeit of greed
Tuesday, March 25, 2008 wrote:
The CDO market is a $2 trillion market. The write-downs that have related to subprime loans underlying some of those securities have only amounted to about $120 billion. So when you look at the differentiation between what's valued and what's out there, you're talking about a lot of potential catastrophe to come. Voodoo economic!
The Dollar, the "greenback", it's like the Green Pig is the god of America, it is America's idol that they worship. Beware of the Green Pig which the moneymakers have unleashed upon the world and the world refuse it! The money crisis, the dollar crisis is their creation. Like those that clothe themselves in dollars they think are green, they think they are alive and young and growing like the green things of the earth, but they shall find that this greenness only exists in their imagination, and when exposed to the light of day, the truth of God, it turns to grey ashes, burnt out fires, dead grey ashes!
Ted Rudow III,MA