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 coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ggersh who wrote (43978)1/9/2012 8:57:28 PM
From: Real Man  Read Replies (1) of 71475
 
Yep, the best and the brightest act in their own interest under
pressure to succeed. This means something that works in finance will
keep on working until it is way overextended and finally blows up.
Then the best and the brightest take their money and run, while
not the best and not the brightest like us are stuck paying the bill. -g-

If they are truly the best and the brightest, they run before SHTF.

Derivatives truly are just ways to shuffle risk around so that chit looks
like chocolate candy. Nice wrapper. They just lead to much higher debt
and incorrect rating for that debt. Systemically, I would think, their
influence is close to nil. They do cause a domino effect, of course, and
a reverse effect - when things blow up, bond ratings go straight from AAA to D.
Technically, those who see their AAA exotic portfolios go to D can and
should sue for that kind of stuff. "The best and the brightest" should be gone
when that happens, or else they are not the best and the brightest.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News