Thread: The Root of the Financial Tsunami and A Solution: Banks Unleashed, OTC Derivatives, Phantom Money and deregulation. -...

? ? ? ? ? SEASON'S GREETINGS TO ALL! ? ?ALL THE BEST WISHES FOR THE COMING YEAR, ? ? HEALTH, HAPPINESS. . . ? ? ? AND MAY?YOU SHARE IT WITH YOUR LOVED ONES. ?

Notice how quickly the exclusions are posted! Don't conduct business through a central counterparty, pay through the interbank payment system and you're free of bothersome?supervision. if derivatives are covered by insurance, there need be no limit imposed by capital requirements! Considering what DQ alluded to in his post above that derivatives were insurance itself, despite the fact that they insure nothing, it makes it all the...

No one will ever be able to find a way for "Wall Street" to fix the kind of systemic? corruption and duplicity that resulted in the development of a Criminally Fraudulent?Derivative Market.?The bail-out of unregulated?criminality is not something?the people of any society should ever do period exclamation! MBA's and Attorney's on Wall Street should be prosecuted under the federal RICO Statute for destroying our economy....

So we have exponential toxic growth and a dollar printing at phenomenal speed (think back to the Bush era and the frantic retrofit of the printing presses and new dollar designs- they were well aware of this during a time when it was fully manageable... this is why we have conspiracy theorists). Simultaneously, we have a drain of assets at street-level and continued steady degradation in cash flow through employment losses. It should occur to...

On second thought: how do you get tenured civil servants to move faster or operate more efficiently? They operate on the Is-it-that-long-until-five-o'clock? schedule.

An interesting article in Bloomberg today. Let's see where it goes. http://www.bloomberg.com/apps/news?pid=20601109&sid=aeQNTmo2vHpo&pos=10 War on Wall Street as Congress Sees Returning to Glass-Steagall ? ....Resurrecting Glass-Steagall goes beyond the array of new regulatory powers that President Barack Obama has proposed to fix the financial system. It has also sparked debate among academics, regulators and legislators...

Merry Chrstmas to all!!! ? Now back on topic. ? A very interesting article in the NY Times.? The title is - Banks Bundled Bad Debt, Bet Against It and Won: http://www.nytimes.com/2009/12/24/business/24trading.html?_r=1 ? Here's a snip: ? Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the...

why 1135 pages are needed to handle the crisis If you can make it through, then I'll be here for the analysis.

Well Said, DQ.....unfortunately - ?for us though......

Well I said I'd get back to this...you know the leaders/heroes/champions thing, (sorry in advance for the melodrama here)...what the heck ever happened to all the college kids these days, are they all like in the advanced derivatives MBA program (or something like that) now...you know, the sword of justice is oh so heavy, but to those who will choose to wield it, they will know?how deep?it can cut.... Yea...Obama's wife is from the...