The trigger to the financial collapse

pauldun170 · 04-14-2011, 12:50 PM

http://www.reuters.com/article/2011/...73C8GX20110413

Avatard · 04-14-2011, 02:56 PM

SO we now know who nudged the first domino.

Gotta stop stacking dominoes, though.

That's not gonna happen.

anthonyk · 04-14-2011, 03:58 PM

Hmm... Triggered the avalanche, maybe, but a whole crapload of people living beyond their means (and people preying off of and enabling them) stacked up all that snow.

Ah, metaphors.

Avatard · 04-14-2011, 04:03 PM

Well, the snow metaphor does serve to underscore the insidiously slow accumulation, but the domino metaphor lets you put nice bank logos on the tiles.

I dunno, all comes down to editing, I guess.

Roll credit.

JoshuaTree · 04-14-2011, 05:11 PM

What utter pablum. The "trigger" was the creation of the securities in the first place. The fuse was lit when derivatives on those securities were created and marketed.

Then again, why bother with the silly financial risk reality (and inevitable outcome) of the Comunity Development and Reinvestment Act altogether.

anthonyk · 04-14-2011, 06:16 PM

Moody's and Standard & Poor's are just the shittiest Jenga players in the bunch, then.

04-14-2011, 02:56 PM	#2
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	SO we now know who nudged the first domino. Gotta stop stacking dominoes, though. That's not gonna happen. __________________ Insert free thought here.

04-14-2011, 04:03 PM	#4
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	Well, the snow metaphor does serve to underscore the insidiously slow accumulation, but the domino metaphor lets you put nice bank logos on the tiles. I dunno, all comes down to editing, I guess. Roll credit. __________________ Insert free thought here.

04-14-2011, 05:11 PM	#5
JoshuaTree DILLIGAF? Join Date: Nov 2008 Location: Austin, Texas, USA, Earth, Sol, Western Spiral Arm, Milky Way Moto: 1993 K75SA Posts: 483	What utter pablum. The "trigger" was the creation of the securities in the first place. The fuse was lit when derivatives on those securities were created and marketed. Then again, why bother with the silly financial risk reality (and inevitable outcome) of the Comunity Development and Reinvestment Act altogether. __________________ "Quis custodiet ipsos custodes?" "Learn to do the counter-intuitive things that may one day save your ass..." "... Love Much, Laugh Often..." - Amanda Kay Corso (January 18, 1980 - April 15, 2008)

04-14-2011, 03:58 PM	#3
anthonyk WERA White Plate Join Date: Nov 2008 Location: Austin, TX Moto: '01 Aprilia Falco Posts: 1,041	Hmm... Triggered the avalanche, maybe, but a whole crapload of people living beyond their means (and people preying off of and enabling them) stacked up all that snow. Ah, metaphors.

04-14-2011, 06:16 PM	#6
anthonyk WERA White Plate Join Date: Nov 2008 Location: Austin, TX Moto: '01 Aprilia Falco Posts: 1,041	Moody's and Standard & Poor's are just the shittiest Jenga players in the bunch, then.