Think anybody is going to get into legal trouble over these auction rate securities?

Answers

warren answered a question in Debt/Bonds.
493 points

warren answered 3 months ago …

Ha ha ha. You're kidding right?! It's already begun. The legal proceedings will last years if not decades. So many institutions pension funds etc.. have been screwed by these geek created financial derivative bombs that some compnaies are already buying back their "products" to avoid legal action, but the big problem has not even begun yet. This was just the warm up. Precious metals as I always say are the place to be. Inflation is coming in droves as the wall street elite are bailed out as FRE and FNM have been recentl. Troube in coming. Everyone must take a defensive stance and worry about capital preservation FIRST, profits second.

Sorry about te rant. But yes is the simple answer.

Warren

www.preciousmetalstockreview.com

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