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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47982)3/31/2009 11:12:03 AM
From: energyplay  Read Replies (1) | Respond to of 217593
 
AIG sold CDS at low prices to banks - Let me add a speculative opinion on this.

This may have been dome with the tacit approval of some US government agencies and/or the FED, as a way to shore of the banking system (and/or reward friends) while only needing to bail out one company - AIG, Anti-Christ Insurance Group.



To: TobagoJack who wrote (47982)4/1/2009 11:29:14 AM
From: elmatador  Read Replies (2) | Respond to of 217593
 
"it remains difficult to explain the collapse in trade." Easy to explain. Emerging markets are being sabotaged by the grip into the USD for trade finance.

telegraph.co.uk

Old story we know this form capital hogging and interest rates skyrocketing to strangle emerging markets!!

We need new reserve currency! Iran would say: We told you so!


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