Microsoft should create an Excel spreadsheet and put all the US debt in and take it outof the system, or push the "Delete" button.
But microsoft is to blame also for this current crisis.
Realtors appraised homes at fictitious levels. Lenders granted mortgages to people who couldn't pay. Bankers created Frankenstein instruments they couldn't value. Traders invented prices they couldn't justify. And investors bought securities they didn't understand.
Since its inception, the derivatives market has echoed the fairground hawker's call to ``scream if you want to go faster.'' Every time Microsoft Corp. upgraded its Excel spreadsheet software to accommodate more cells, rows and columns, the structured finance guys were able to graft yet more layers of complexity onto their products.
Now its time to decrease the cells again from the finanzguys !!!
- Forums
- ASX - General
- microsoft should solve current credit crisis
microsoft should solve current credit crisis
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)