Bye Bye Banks and Wall Street

[Alex]

Originally Posted by sleepyjeff

My brother is a VP at a major US bank. He explained it to me like this

That's true. You'd assign the boxes a value of $980,000. But I don't see what it has to do with the current situation.

[sleepyjeff]

Originally Posted by Alex

That's true. You'd assign the boxes a value of $980,000. But I don't see what it has to do with the current situation.

Now suppose you can only afford one box......do you still assign it a value of $980,000...or do you elect not to play?

..and no, I really don't see what it has to do with anything either....just repeating what I heard and there's a good chance I didn't even hear it all.

[Morrigoon]

Originally Posted by Alex

That's true. You'd assign the boxes a value of $980,000. But I don't see what it has to do with the current situation.

That strategy would work if you were investing in all the boxes. Unless it turned out that 80% of the boxes ended up being empty.