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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (425603)	10/13/2008 4:07:53 PM
From: combjelly	Read Replies (2) \| Respond to of 1575175

"The real question is, how do you unwind the $62 Trillion in CDSs, that are bigger than the capitalization of the entire US stock market????" Correct. And, assuming you manage to do that, what are you left with? "Hello, how the fuk did this happen????" Well, they didn't only loot the Treasury. You know, the fox and hen house principle. Ted is a little over the top, but this very well could be the end of capitalism as we know it. What comes next is totally unknown. Isn't it thrilling to be a few years from retirement in the face of the largest realignment of the world fiscal system in history?

To: Road Walker who wrote (425603)	10/13/2008 4:34:31 PM
From: bentway	Read Replies (1) \| Respond to of 1575175

I'm actually more concerned by what the CDS's secure, which is $500+ trillion of paper largely based on derivatives. Also a new invention by our clever banksters and their quants. These derivative products are sometimes leveraged as much as SIXTY TIMES against any underlying assets, "secured", of course, by these worthless CDS's. The reason none of us know about them are because we haven't been playing in that league. It's all happening in the private equity, totally unregulated "shadow market" where the giant hedge funds play. Where the top 1% who've been cashing in big under Bushenomics have been putting THEIR money. It's a kind of justice in a way, but the fallout may crush us common men. People should definitely go to jail for fraud here. Selling crap like these derivatives and then selling CDS's to secure them is fraud, and the fraud is being revealed with every shoe that drops. Mortgages just pulled back the curtain.