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

To: the navigator who wrote (12381)	10/5/2008 1:19:45 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 71479

>>Doug Noland was interviewed 27 Sept 2008 on Financial Sense News Hour...it was very interesting. The thing that stuck with me was the unintended consequences of allowing Lehman to fail...something about CDS defaults catapulting ~ I think.<< Not sure I can swallow that unintended consequences part, upthestairs. Ben was taken to school, by his own request, August 2007, by the brainy boys & girls on Wall Street, in a weekend cram Derivatives course when this was all coming apart. I can't imagine for a moment the topic of CDS was left off the weekend agenda! It is my thoughtful position, Lehman was selected as not only the "test case" for utilizing the alternative outcome, aka a bankruptcy court processing of a major counterparty failure scenario, (much like practicing w/BofA pressured into being Countrywide's savior) but to LANCE THE BOIL, or prick the CDS balloon in particular.