"Larry Jaques" wrote in message
...
On Sun, 23 Mar 2008 20:26:22 -0400, with neither quill nor qualm, "Ed
Huntress" quickly quoth:

snip


OK, I'm reading the letter now. Do you feel that Greenspan was wrong
all this time? Now that I see (portions of?) what happened, I'm
surprised that we never heard cautions from him. Or was that just the
pick-'n-choose media's output? Does not compute.

Well, five years ago he said "derivatives are financial weapons of mass
destruction, carrying dangers that, while now latent, are potentially
lethal." He's always been wary of this stuff. But he's also bought a bunch
of credit derivatives, so he's hard to read on that one.

--
Ed Huntress

"Only when the tide goes out do you discover who's been swimming naked." --
Warren Buffett