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

To: Secret_Agent_Man who wrote (5877)4/5/2008 6:20:13 AM
From: Real Man  Read Replies (1) | Respond to of 71402
 
That's why the Fed bailed out Bear. The estimate was that
if Bear defaulted on its contracts (13.4 Trillion notional?),
the losses to the system (gap risk) could be somewhere around
400 Billion, not 30 billion. It looks like BB twisted some
hands, as the rumour of him resigning was floated on CNN
shortly after the deal. Unfortunately, the system is loaded
with derivatives and leverage.



To: Secret_Agent_Man who wrote (5877)4/5/2008 9:03:30 AM
From: Giordano Bruno  Respond to of 71402
 
-OT- I was hoping Bill Moyers would have some expose on Wall Street last night but instead there was this:

pbs.org

And like Mick Jagger sings
You can't always get what you want
But if you try sometime, you just might find
You just might find
You get what you need

concern.net

If you watch it it will break your heart.
This country contributes 14 billion a year to worldwide humanitarian aid.
If we go bust they die.


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