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| User Info | Caution: Flip-Flop Alarm Is Ringing in forum [Ticker] | |||
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Genesis Posts: 71346 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1038-C....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-05-13 14:24:42
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Phantomace Posts: 2184 Incept: 2009-03-16 
Las Vegas, NV, and your screen
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Wow, maybe a drop of actual regulatory and fiscal responsibility? About damn time, IF it happens, and IF it isn't gamed some how. ---------- "That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert The only good thing I have to say about Barney Frank is at least he's not breeding...
2009-05-13 14:27:44
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Tristan Posts: 123 Incept: 2009-04-08 Cleveland
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Yes, I reserve my suspicions until a later date.
2009-05-13 14:28:52
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Captbill Posts: 485 Incept: 2008-07-22
Arizona's West Coast Online
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I have about as much confidence in this plan as I did the stress tests. Something is always amiss in these things...
2009-05-13 14:42:10
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Jhonab Posts: 214 Incept: 2009-03-24
Denmark
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Sorry, wrong thread
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2009-05-13 14:56:03 by jhonab
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Margincalltime Posts: 830 Incept: 2008-04-01 
NJ
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so what's the catch?
2009-05-13 14:53:27
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Koaj Posts: 950 Incept: 2009-02-03
NJ
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on the idea that government could actually do something right i am adding to my FAZ position Full Disclosure: Short Obama, Geithner, and Helicopter Ben Last modified:
2009-05-13 14:54:40 by koaj
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Genesis Posts: 71346 Incept: 2007-06-26
KD^2
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Jh, I've written extensively on the Penis Penetrates In Perpetuity (PPIP) program and how corrupt and insane it is, and how badly it will rip us off. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-05-13 14:55:16
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Curbyourrisk Posts: 1887 Incept: 2008-08-19 Long Island, New York
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Does this mean a 3:30 rally to squeeze the shorts?????
---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. Why is Franklin Raines a free man? "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009 
2009-05-13 14:56:58
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Narcissist Posts: 495 Incept: 2007-08-26
Toronto
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I'll believe it when I see it.
2009-05-13 14:58:12
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Dji Posts: 718 Incept: 2009-04-21
Fleming Island Online
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what exchange won the pay to play on this? ICE? ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-05-13 15:07:52
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Bigcat Posts: 1523 Incept: 2008-09-10
Nice, France
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Gen: It would be exactly as you say a positive thing. But to suggest Obama is breaking from the hand that feeds him.... that's like calling a break in a very strong market trend. I'll have to go ahead and vote that's not happening. We saw how much integrity the Stress tests had, any attempt at price discovery will be partial, overvalued, and generally useless info. Any demands Obama makes will be optics for what the fed/banksters are ok with disclosing. ---------- "When the goal shifts to simple survival for the Fed their goals will change drastically and their strategy will adjust accordingly...Like Congress, the Fed will throw its "allies" under the bus when they become a political liability. Look at Mozillo now! " Sushihorn, 07/09
2009-05-13 15:08:19
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Throxxofvron Posts: 2672 Incept: 2009-02-17
The Land of Bilk & Money
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Implement the Genesis Plan before the Citizenry implement the Sharpened Pitchfork Protocol.
---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
2009-05-13 15:10:02
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Phif Posts: 172 Incept: 2008-08-06 Atlanta. Ga Online
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Tie this together with Liddy revelation and I smell misdirection ala stress test.
2009-05-13 15:19:28
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Vegansharky Posts: 831 Incept: 2008-09-20
Orlando, Floriduh Online
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Things are getting really HOT in the kitchen in DC, me thinks. ---------- I remember when legal used to mean lawful, now it means some kind of loophole. ~~ Leo Kessler To save money on electricity, we've turned off the light at the end of the tunnel. ~~Unkn
2009-05-13 15:35:59
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Weaseldog Posts: 282 Incept: 2008-12-11 Texas Banned
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If someone lies to you most of the time, about everything, then it's safe to assume that the next thing they say, will also be a lie. Or shorter... 'A tiger doesn't change it's stripes.' This move is so out of character for this administration, that I need to see it to believe it. ---------- "You can know the name of a bird in all the languages of the world, but when you're finished, you'll know absolutely nothing whatever about the bird... So let's look at the bird and see what it's doing -- that's what counts." - Richard Feynman
2009-05-13 16:04:26
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Spazznout Posts: 235 Incept: 2009-04-15 Columbus, Ohio
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Speaking of Flip flops...I just checked the Index's and I'm not seeing any green shoots...In fact I see rotting roots....hmmmff
---------- "Those who make peaceful revolution impossible, make violent revolution inevitable." John F. Kennedy 35th president of US 1961-1963 (1917 - 1963)
2009-05-13 16:06:49
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Gs_hedge Posts: 819 Incept: 2008-02-09
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May be we could draw a straight line from Sen. Dick Durbin's (likely with Obama's blessing) outrage against the bankers playing hardball on mortgage cram down to this action. I hope this is not another fig leaf like the stress test.
2009-05-13 16:10:37
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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"Price Discovery" I like that. I have to soon go to the airport, but before I do, I may want to bet on a NBA or NHL game, assuming ones are being played today. And right up on the board in clear readable numbers are the choices available. I can choose to do nothing or I can choose to bet based on what I see. That is the way it should be for ALL bets and as a bettor, I HAVE to put up the money RIGHT NOW. If one thinks the "book" isn't going to exist tomorrow, don't bet. Off to La-La Land I go. ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-05-13 16:27:16
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Phantomace Posts: 2184 Incept: 2009-03-16
Las Vegas, NV, and your screen
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Lastchance: Growing up (and still in LV) gives one a unique perspective on the rules, doesn't it? ;-) That said, what I find truly disheartening is that we are all so jaded and used to the obfuscation at this point, that when something like this is printed, which should be good news, we are automatically skeptical. Think about it, the lies have become so common, that the vast majority of the posts on this thread are basically "yeah, right" in theme. It saddens me to see how bad things have become in the country that I love. ---------- "That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert The only good thing I have to say about Barney Frank is at least he's not breeding...
2009-05-13 16:39:56
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Wres157 Posts: 16 Incept: 2009-01-23 NY
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Again, I think CDS's to be the red herring. Problem is not the contract, it was parties trading way more then they should have been. You want a quote you call up a few brokers and check Bloomberg and Markit, having a listing of live quotes won't do anything by itself. The problem is counter party risk, where some firms were trading way too much notional in a single direction, more than they could pay. Once again, if it's just a live listing of prices it won't change the dynamics of counter party risk. And when the ISDA boilerplate is followed counterparties have to post collateral to cover the trade. It also will remove the arbitrage dynamic of CDS's. It would be a better idea to not allow FDIC insured institutions to take a directional bet with CDS contracts unless hedging an asset or interest payment.
2009-05-13 17:00:46
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Dji Posts: 718 Incept: 2009-04-21
Fleming Island Online
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SEC will regulate it! why doesn't that make me feel better? Anyone? 
---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-05-13 17:07:01
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Murf Posts: 2806 Incept: 2007-08-28
the surf
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Maybe there's hope. SEC is filing insider trading charges on Mozillo. The new sheriff may be better than the old. (trying to be positive here) ---------- The recovery up is losing steam
2009-05-13 17:11:47
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Drunkle Posts: 1002 Incept: 2008-02-11 san diego ca
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"It would be a better idea to not allow FDIC insured institutions to take a directional bet with CDS contracts unless hedging an asset or interest payment. " "The problem is counter party risk, where some firms were trading way too much notional in a single direction, more than they could pay." by your own argument, it would be a better idea to not allow fdic insured banks to touch cds' at all... like saying "gambling is stupid, evil and for suckers, no gambling allowed! unless you're trying to make money. then you can gamble." ---------- America: Home of the Fleeced, Land of the Slaves
2009-05-13 17:13:12
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Wres157 Posts: 16 Incept: 2009-01-23 NY
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I understand its a complicated subject. CDS contracts are not exclusively traded by FDIC insured entities. And I am of the opinion that banks that have FDIC insurance should not be making bets. In fact I think there shouldn't be any insurance for banks that is sponsored by the government.
2009-05-13 17:37:31
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