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[OM] Re: OT American express

Subject: [OM] Re: OT American express
From: Chuck Norcutt <chucknorcutt@xxxxxxxxxxxxxxxx>
Date: Tue, 04 Nov 2008 05:33:07 -0500
I didn't realize that packaging trick.  Agreed.

Chuck Norcutt

Chris Barker wrote:
> As I understand it, Chuck, the sub-primes were packaged with other  
> investments at varying levels of risk.  The risks were apparently  
> indeterminate, a different sort of idiocy, I think.
> 
> Chris
> 
> On 3 Nov 2008, at 22:12, Chuck Norcutt wrote:
> 
>> If investors acted like idiots when they originally bought all those
>> high risk, sub-prime, US mortgage securities what makes you think they
>> would act any more intelligently today?  :-)

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