naacp_now Wrote:
Nov 06, 2012 7:18 PM
Card-carrying Republicans, dupes of the Republican party and Republican miscreants are instructed to say one of the problems that led to the 2008 financial meltdown was that Wall Street was 'forced' to re-value their crummy and decrepid Credit Default Swaps. This re-valuing led to a panic on these companies which hurt their ability to meet their daily borrowing needs and also squeezed their debt to equity ratios. These Repubtards are wrong again. Life is all about being marked to market. See below..........