RAMTRONIAN's Cache Inn Message Board

STOCKTALK

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.

Politics : RAMTRONIAN's Cache Inn

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: niceguy767 who wrote (14279)	11/13/2008 5:23:34 AM
From: NightOwl	Read Replies (1) of 14464

I'm guessing that the current $3.5 trillion is nowhere near the final draw to cover off that $62 trillion in credit default swaps that are suffocating the financials.) Forget about those CDS gambles Mr. Niceguy. The way to handle the $62T is to tell the gamblers that their only recourse is a universal unwinding of all bets and that nothing else under a CDS will be legally enforceable. That will leave you with nothing more difficult to manage than the housing bubble to resolve and, while large, its a lot smaller than $62T. You can't look at the problem as an attempt to "fix" the preexisting economic mechanisms. You can't create a healthy economy in which people will invest... by attempting to ratify and enforce the criminal manipulations and institutions of the existing markets designed to reward trading and gambling to the detriment of investment. Well I suppose they have to try... but I can assure you it is/will fail. I mean... assuming you haven't found a lump of lunar gold valued at $62T + recovery costs. ;) No Mr Niceguy... Rectitude, Reformation, and Responsibility. That's what any successful recovery has to be founded on... not salvation for sinning salesmen. Indeed if you can't get the snake oil out of the markets now... well, what's the point in your "salvation?" :) Neither Paulson nor anyone else in charge at present is trained in these 3Rs. And things are not quite bad enough... yet... not for the nimrods who think of their financial history as a matter of Math-0-Magical charts and graphs, while insisting that their own trading/hedging "strategies" and real estate "investments" are completely honest, ethical and beneficial to the... more perfect Union. <ack><ack><pHooie> But as I say... there are "sparks" of improvement popping up in numerous nooks and crannies: washingtonpost.com Sooner or later Paulson's "new" ...and unimproved... folly will be seen as fruitless as his initial foray into corporate socialism. By the old standards and measures employed by the market manipulators, it will of course be seen as "too late" but make no mistake... their pain will be the true investors' gain. Remember the 3Rs... Rectitude, Reformation and Responsibility. When you start seeing stories that reflect the systemic application and institutional development of those characteristics... and stories of corporate "salvation" begin to trend down even as corporate bankruptcies rise... then you'll know that the bottom is in and recovery has really begun. And if not... well there's always the fourth "R"... Revolution! <Hoo><haa><Hoo> 0\|0

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next