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Genesis Posts: 71346 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/906-Ge....
---------- "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
2009-03-27 09:16:48
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Rutben Posts: 899 Incept: 2007-07-27
Phoenix, AZ
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No responses yet to this most important issue? Hopefully Cuomo will force him to "regulate" his wall street benefactors against their will.
2009-03-27 11:14:41
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Genesis Posts: 71346 Incept: 2007-06-26
KD^2
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Of course not....
---------- "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
2009-03-27 11:16:00
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Gs751 Posts: 54 Incept: 2008-12-31 Louisvilly, KY
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I mean its not that complicated, maybe in Timmy's brain
2009-03-27 11:20:04
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Truthseeker Posts: 2016 Incept: 2007-10-07 
NW US
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By now it should be completely clear that SOLVING the problem is not high on the agenda. Looting the taxpayer, however, does appear to have priority. ---------- "The real leech****s are not the welfare people, but the paper shufflers in privileged positions who are skimming the money flows." " ~ Bozonian
2009-03-27 11:30:51
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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Dick Morris was flagged for tinfoil Wednesday night in stating that the PPIF was purposfully designed to fail so that the Admin could throw up their arms and say "we tried everything, but unfortunatley nationalization is the only option left". Add it all up (stimulus^3, TARP, TALF, etc...) and it's hard not to develop an inclination that all of this has been carefully planned, the outcome known in advance. I struggle with this thought given that the government sucks at pretty much everything except war (as in busting and breaking ****). Either they are brilliant or totally incompetent, you choose. So I'm left with: if the government could ultimately purchase via bank nationalization some portion of hard US assets for very, very cheap, could they/ would they do it? ---------- Think Green Tip.
2009-03-27 11:37:45
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Muscleknight Posts: 2786 Incept: 2007-06-26 Columbia, SC
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TTCTimmy doesn't have any intention on fixing things.
---------- My Financial Avatars - http://s677.photobucket.com/albums/vv131.... The best lies have elements of truth. If my uncle jack helped you off an elephant, would you help my uncle jack off an elephant? Yesterday's Tinfoil is Today's news
2009-03-27 11:43:04
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Teamonfuego Posts: 120 Incept: 2007-08-30 san diego
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Karl - I've written to congressmen, senators, even the president about this issue to no avail. these things created so much money for some of these banks over the years that if they required these things the spigot would essentially be turned off. There has to be a crapload of lobbying going on behind the scenes by the banks to not do away with these contracts.
2009-03-27 11:50:08
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Teamonfuego Posts: 120 Incept: 2007-08-30 san diego
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sorry...meant to say that if they put these requirements into place... its absolutely essentially so they can stop the intentional and illegal cramming down of stocks for companies like GE...
2009-03-27 11:51:40
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Phirang Posts: 8812 Incept: 2008-10-25
bar khoba's revenge
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CDS' allowed lending way, way beyond the capacity of banking reserves. There's no happy ending here for us non-brahmins. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-03-27 11:51:55
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Genesis Posts: 71346 Incept: 2007-06-26
KD^2
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The reason for the OTC swap market was to obfuscate bids and offers, thereby allowing the banks doing the dealing to **** the customers on spread. You can't do that if the bid, offer, and open interest are all displayed on an exchange. The "side effect" of destabilizing the system was just that - a side effect. The resistance to forcing these all onto an exchange is only partly about the fact that most of these clowns would get an INSTANTANEOUS margin call for more than they have in liquid cash - it is also about the fact that such a change would instantly and permanently end their ability to steal from their customers. ---------- "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
2009-03-27 11:53:47
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Fitz22 Posts: 156 Incept: 2008-12-05
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New T-shirt:I only trade on an exchange. Last modified:
2009-03-27 13:05:33 by fitz22
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Marksf Posts: 5 Incept: 2008-05-22
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http://www.reuters.com/article/newsOne/i.... A step in the right direction.
2009-03-27 13:07:04
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Hihoherewego Posts: 595 Incept: 2009-02-25
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While they're 'working' on the CDS mess they need to pay attention to this other developing mess concerning multi-seller financial conduits. Yech. http://optionarmageddon.ml-implode.com/2.... H
2009-03-27 13:37:12
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Bozonian Posts: 14026 Incept: 2007-09-01
PFT - Pure F'n Tin
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He's having to make some hard decisions and he's afraid of hurting the things he understands (banking), and will hurt things he doesn't (the population). This is a major reason one person cannot be in charge of monumental decisions. He can sneeze and fortunes can be made. Congress does not have a diversified set of interests. This thing has rallied their common interest, themselves, not the people they represent so even an elected body cannot be trusted. Only the law can be trusted, and the Supreme Court is conspicuously absent during all of this. They are the only people who can defend the law, the basis of the Republic, from the Mob in Congress. ---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.
2009-03-27 13:39:36
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