SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TH who wrote (91458)2/10/2008 10:30:35 PM
From: Gemlaoshi  Read Replies (1) of 110194
 
"As the financial markets recover from this period of stress, as of course they will, we should expect continued volatility as risk is repriced." - Hank Paulson.

This is not a simple case of repricing risk as many investment bankers and central bankers would have us believe. Whenever an investment bank such as GS and Bear can underwrite what they know is a pig, put lipstick on it by buying a AAA rating, then short he same pig, they are "misrepresenting risk" in order to defraud the purchasers.

Repricing risk is a market action, whereas misrepresenting risk is legally a fraud. The bottom will not be reached until we see some very important IB folks take the "perp" walk.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News