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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (85070)	1/16/2009 3:52:04 AM
From: Real Man	Read Replies (1) of 94695

Just as I made this prediction... Geez. Confirmation. Volcker is solving the global derivative mess. He's a solver. <ggg> The report offered 18 recommendations that would insert government regulators into the boardrooms of financial institutions as never before. The plan calls for vastly increased oversight of major banks, going as far as to recommend the end of an era of mega banks whose size makes their failure potentially catastrophic to the global financial system. To limit their size and scope, banks, the document states, should be prohibited from managing private-equity or hedge funds. And deposits should not be concentrated in the hands of too few banks. Message 25328889 FWIW, while we are not out of the woods just yet, this is the first REAL step to solve the derivative Ponzi scheme! We are still in for some pain, as Volcker's stuff is never pain free. However, this is the first time I see the light at the end of the tunnel, and it's not a train -ggg-

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