"F. George McDuffee" wrote in message
...
On Sun, 23 Mar 2008 22:46:43 -0400, "Ed Huntress"
wrote:
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OK, there are 10 parts to the report,
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==========
Thanks ED -- lots of good information.

I did not know that Bear Stearns had written 10 trillion $US of
CDSs. Well over 1/2 the US GDP. No wonder the Fed, the other
banks, etc. were (and are) sweating bullets...

Here's the thing that got me: Financial services produced 10% of US
corporate profit in 1980. In 2006, they produced 40%: damned near half the
freaking profit of all US corporations combined! Yike. The business of the
United States is playing with money!

--
Ed Huntress