Re: Fear not, a consortium of bankers is going to rescue the market

On Oct 15, 9:32 pm, Michael Scheltgen <mjs...@xxxxxxxxxxxxx> wrote:
Why is it even called a market anymore? Dumbass fund for morons who need to be
put out of our collective misery.

I agree. However, I did read that the "Structured Invesment Vehicles"
market amounts to $320 billion. That's makes it a market whether we
like it or not. I think to understand what's going on in the
"mortagage backed securities" market one must know what a "Structured
Invesment Vehicle" is. Also, a "Conduit"; "sub prime loan"; "Off-
balance *** Item", etc. Maybe this is too complicated and too
technical for us ordinary people to grasp.

.