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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (7496)5/20/2008 7:24:08 AM
From: saveslivesbyday  Read Replies (3) of 71475
 
RE: the bomb (really the OTC derivatives Ponzi scheme)

I think Bernanke and the Fed actually realize this,
and are scared sh!tless that such a catastrophe could
indeed happen on their watch.

Their actions to prevent this (using their reserve to
back the banks and IB's) was a panic reaction - damage
control so to speak, not a well-planned action with
expected consequences.

If this is so - that the Fed comprehends the severity of
the derivatives bomb - their best approach would be
to diffuse it slowly and carefully, rather than pump it
up for a bigger explosion.

How to do this? I'm sure BB reads his email daily hoping
someone comes up with a good suggestion. It would seem
to me that tightening regulations, oversight, anything
that would tame the monster without poking or prodding
it too hard, would be the answer.

The 2 problem are - if it's widely publicized that there
is a bomb about to go off, "investors" will be scared,
and g-d forbid the stock market goes down, even
temporarily. Second, are there enough people on WS
(and around the world) who care enough about the larger
good to resist fighting the attempts to harness this?
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