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I'm not being facetious, but are you backing me up? This bolsters my point. Equating the US subprime crisis and the vast entanglements that existed therein to t
by hacknat 11y ago
I'm not being facetious, but are you backing me up? This bolsters my point. Equating the US subprime crisis and the vast entanglements that existed therein to the current situation in SV is exactly the kind of monomaniacal thinking that that SV engages in all the time.
My point was that there aren't any entanglements, there isn't any exposure. Prince was making the point that there was complicated entanglements that existed at Citigroup so it would be hard to predict what would happen, but hopefully their lack of exposure would help (which, by the way, it did).
There simply isn't enough public exposure to SV to make a bubble popping important to the overall economy.
- bcg1 11y agoYou could be right, and frankly I hope you are. If the current mini-mania slows down at all or a couple of big names hit some bumps in the road... the financiers' portfolios also are also affected, and if there a GSIFI's that can't afford to take that hit and can't find the liquidity to paper over the losses... yikes