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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Aloysius Q. Finnegan who wrote (5646)	3/30/2008 4:34:09 AM
From: RockyBalboa	Respond to of 71406

It is as if you wanted to merge Bear Stearns and the Fulton Fish Market... You are not going to prevent crisis by moving boxes around." I´d ask you: What has the existence of various regulatory bodies each specialised in that what they understand to do with the current credit crisis? This is not an exchange crisis. This is a crisis in non exchange traded, other than plain vanilla, OTC instruments and of course the stinky underlying business where the trading partners do not trust anymore each other. How about gagging the messenger when the real mistakes have been made both at the fed and by governmental politics. I think that some really dumb folks packed stuff into the proposals which has nothing to do there. I am deeply concerned... not by the crisis but by the scale of ineptness of the players. This clearly shows me how little people care about the reasons when they put together the proposals. Actually I have a friend of mine sitting over here, a seasoned bond trader who is shaking his head and thinks about how to trade based on this ineptness. It is as if you wanted to merge Bear Stearns and the Fulton Fish Market when the real cure was to ... >>>>>>>>>> This comment summarizes it all: What's missing Experts said that what's not in the report may be more important than what's in it. .... Mason and Ely agreed that the plan should have addressed head-on the issue of mortgage-backed securities. "The underlying cause was securitization and firms operating in highly-leveraged fashion," Ely said. "Nowhere is the underlying cause of the crisis touched on. ... You are not going to prevent crisis by moving boxes around."