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 -- Ignore unavailable to you. Want to Upgrade?


To: JBTFD who wrote (11451)9/20/2008 3:21:19 PM
From: IngotWeTrust1 Recommendation  Read Replies (1) | Respond to of 71445
 
I'm sorry, Mark, but that IS the crisis we are in. The OTC deriv crisis. The mortgage portion of the iceberg is just the most visible manifestation so far.

It would appear you've bought the party line about it being a sub-prime crisis.

That is false.

THIS is an OTC Derivs crisis. Period. And it has a long ways to go, which is why Greediest Scumbag Paulson's land grab is so aggregious.

CDS, SIVs, CDOs CMO...these are ALL OTC contracts my young friend.