Friday, September 7, 2007

CDO Losses Cannot be Quantifed

Warren Buffett called derivatives financial weapons of mass destruction. I quote him just so you don't think I am just a non-stop worrywart fretting about every little sound in the dark. This article by France's regulator that CDO losses can't be quantified does nothing to change my mind about it that's for sure. Please read through the article. The losses can't be quantified. I read it twice just to make sure I was actually reading what I thought I was reading.

1 comment:

Flagg707 said...

Unbelievable! Thanks for the heads up and the link. The coming couple of weeks could get rough.