[chocolatelab]

I thought the dog and pony shoiw in congress was some of the most interesting TV I've watched

I watched almost the entire telecast of the goldman folks getting grilled in congress.

I thought the discusion about when or what makes something crap was interesting.

At any point a particular security can go from crap to worth buying when it strikes the right price.

That 76 rusty 911 is crap at 18k is crap but looks very good at 2.4k

Maybe for you and me that transision from crap to gem never happens but for large financial institutions it occurs regularly.

If you think about it every seller see's the product they are unlaoding as having diminishing returns and every buyer feels the opposite.

Does that mean I would have ripped you off if I sold you that 76 911 for 2.4k.

I guess its a mater of opinion.

I understand this situation is slightly different but it is really interesting to consider........