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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (101141)	2/11/2009 12:26:25 AM
From: Little Joe	4 Recommendations Read Replies (1) \| Respond to of 110194

"None of this was Bush's fault. It was Wall Street and the global financial markets. Actually, if anything, we can blame JPM.. After all, they created the CDS concept." The problem is that whenever we distort the value of money by printing too much it always ends in a bubble. The particular mechanism by which the bubble manifests itself is always different, but also always similar. The discussion then turns to how to address the particular manifestation such as sub prime loans cds, cdo, abc, xyz whatever, instead of the real cause of the bubble which is almost always fiat money. One last comment, if we are going to give Banksters the power to create money in our society, we need to send them to jail when they fail. It is impossible to lose money running a bank with a 10-1 loan ratio, if it is prudently managed. None of these crazy schemes would have happened if Robert Rubin thought he would go to jail if Citi-bank failed. You can bet on that. The Banks are the biggest gangsters in town. Their actions caused all of our problem and in the end they will pickup all the pieces and we will be screwed. lj

To: Hawkmoon who wrote (101141)	2/11/2009 11:21:35 AM
From: Broken_Clock	1 Recommendation Respond to of 110194

So.. since the market was down almost 400 points today, I guess it's all Obama's fault? === yes. it is his plan and geitner is his man. I see it more black and white. Those in power didn't drink kool aid. They sold their souls in an orgy or power and greed. Analyzing it beyond that is meaningless, for the most part.

To: Hawkmoon who wrote (101141)	2/11/2009 1:15:35 PM
From: forceOfHabit	4 Recommendations Read Replies (1) \| Respond to of 110194

Hawk, I mostly try to stay out of the political crap, but I can't let this pass without comment. ...traditionally shorting a bond or stock represents the potential for unlimited losses. Where on God's green Earth did you get the idea that shorting bonds could somehow result in unlimited losses? That's simply ridiculous. Its like saying, I'd rather pay you a million dollars today than $100 a year from now. Did I say a million? I meant a billllion! No wait, a trillllllion!! On second thought, how about I just give you your $100 bucks a year early and we call it even? habit