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To: Maurice Winn who wrote (70426)	9/17/2008 7:34:00 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) \| Respond to of 74559

Sound banking regulations and transparent auditing have been necessary since banks first existed. Of course these regulations limit your potential subsidized welfare lending benefits - so it can only be expected that you'll complain bitterly about them. Next thing you know, some new "socialist" banking law will actually require you to repay your debts, and I can only imagine your howls of outrage as your welfare bowl is taken away. You know that a sound business regulation which takes some of your welfare benefits away is the oldest socialist trick in the book! You have pronounced a banking system which has required a welfare infusion of several hundred billion dollars to prevent collapse "to be in pretty good shape". Well of course you do! You have become so dependent upon welfare that you find this sort of bail-out due to a lapse of sound banking standards to be entirely normal and desirable. New Zealanders like yourself have become so dependent upon state welfare that you find this normal and pretty ship-shape. Maurice, you would never survive in a free-market economy and should thank your lucky stars you live in a protected environment like New Zealand. Like most bludgers, you've made a career of complaining about the subsidies which you couldn't survive without and save your sharpest barbs for laws which make banking possible. .

To: Maurice Winn who wrote (70426)	9/18/2008 1:30:31 AM
From: 49thMIMOMander	1 Recommendation Respond to of 74559

risk reduction trading. International Swaps and Derivatives Association, Inc. (ISDA®) Understanding the ISDA Master Agreements Conference With Comprehensive Sessions on: Key differences between the 2002 and the 1992 ISDA Master Agreements Understanding the ISDA Credit Support Annex isdadocs.org ISDA ANNOUNCES FURTHER STEP TOWARD COMPLETION OF FANNIE MAE AND FREDDIE MAC PROTOCOL NEW YORK, Tuesday, September 16, 2008 – The International Swaps and Derivatives Association (ISDA) today announced a further step toward completion of its protocol for credit derivative transactions referencing Fannie Mae and Freddie Mac, the two US government sponsored entities (GSEs) that were placed in conservatorship on Sunday, September 7. isdadocs.org ///// the sunday, September 14, 2008 //// NEW YORK, Sunday, September 14, 2008– The International Swaps and Derivatives Association (ISDA) confirms that a *risk reduction trading session* will take place between 2 pm and 6 pm New York time for OTC derivatives on Sunday, September 14, 2008. The product classes involved are credit, equity, rates, FX and commodity derivatives. The purpose of this session is to reduce risk associated with a potential Lehman Brothers Holding Inc. bankruptcy filing. Trades are contingent on a bankruptcy filing at or before 11:59 pm New York time, Sunday, September 14, 2008. If there is no filing, the trades cease to exist. These trades are subject to a protocol which is being distributed by ISDA. Traders should execute the protocol and return to ISDA. Traders should execute the protocol and email a copy of the signature page to Mark New at ISDA (mnew@isda.org) with LEHMAN PROTOCOL in the subject line. About ISDA ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has approximately 850 member institutions from 56 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about