Reply #58: And sometimes lack of transparency means just that, lack of transparency [View All]

[MadHound]

Which is something which most experts agree is lacking in MBS'
<http://www.securitiesarbitration.com/subprime-investments.php>
<http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum08/article01_transparency.html> This is an especially good one
Even the Chairman of the FDIC agrees that there is a lack of transparency throughout the system
<http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=389&topic_id=4141423&mesg_id=4143376>

When you have major experts, both inside and outside of government agreeing that there is a lack of transparency, I tend to take their word over that of an anonymous, biased internet poster. Even though he does have some interesting lists. Speaking of which, nowhere in those lists did I see one word or figure concerning whether or not the borrower have the means to pay back those mortgages. Hmmm, looks a bit cloudy to me. In fact it seems like much more than that, that you are simply trying to overwhelm people with smoke and mirrors in an attempt to look like the expert. You're not, so please, drop the act. There are plenty of people out there who have much more experience and expertise in this field than you do.

And again, you complain of insults, that you're the wronged victim here of a sharp tongue. Well, first of all, as the DU rules state, grow a thick skin. Second of all, if you can't take it, don't dish it out. Your posts have been beyond condescending throughout our exchanges, your dismissal of anything that I post or link to that disagrees with your POV is accompanied by vitriol. Therefore, I respond in like kind. If you wish engage in a civil exchange, drop the attitude.