Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (51357)	6/15/2009 7:03:52 AM
From: elmatador	Read Replies (2) \| Respond to of 219873

They could offer dinner for tourists at USD100 per head to dine with them and listen to their stories. Price includes T-Shirt printed by the terrorists written. "I had dinner with a terrorist during my holiday.

To: TobagoJack who wrote (51357)	6/15/2009 7:35:19 AM
From: elmatador	Respond to of 219873

Geithner told Chinese their money was safe and that America wants a strong dollar. His Chinese audience broke out in loud laughter. The cost of borrowing is going up, and America’s desperation is making it an international laughingstock. ... “Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University. His response drew loud laughter from the student audience, which according to Reuters was a reflection of growing Chinese sentiment that China should be spending its vast reserves at home as opposed to taking the risk of lending the money to America. thetrumpet.com

To: TobagoJack who wrote (51357)	6/15/2009 7:39:04 AM
From: elmatador	Respond to of 219873

“like buying life insurance on someone else’s life, and owning a license to kill.” This is what called my attention. If you lend me money. After I am loaded you increase the interest rate. Then you spread in the market news that I am a risky business or country, which will prompt to increase the interest rate further... This is what was used for fleecing us in the past. Soros Says Default Swaps Should Be Outlawed June 12, 2009, 10:06 am In 2003, the legendary investor Warren Buffett famously referred to derivatives as “financial weapons of mass destruction.” On Friday, George Soros picked up that theme and ran with it, suggesting that one kind of derivative was too dangerous to be allowed at all. Mr. Soros, the billionaire financier and philanthropist who made a fortune with well-placed bets against the British pound, said at a banking conference that credit default swaps, a kind of derivative that brought American International Group to its knees, were “instruments of destruction which ought to be outlawed,” according to Reuters. In the United States, a debate is swirling about how best to contain the potential damage from derivatives, and especially credit default swaps, which have been carved out from nearly all types of regulatory oversight. In addition to forcing an expensive federal bailout of A.I.G., credit default swaps contributed to the crises that led to the collapses of Bear Stearns and Lehman Brothers and added to the troubles at Merrill Lynch, which was sold to Bank of America. However, few have suggested an outright ban on credit default swaps, as Mr. Soros seemed to do on Friday. In theory, credit default swaps can allow the holder of a bond to buy a kind of insurance. If the bond defaults, the counterparty — often a financial institution — is required to pay the difference between the defaulted bond’s value and its face value. In practice, default swaps can be used for all kinds of speculative purposes. They are subject to abuse, such as when the holder of the protection actively tries to hurt the perceived credit quality of the underlying issuer in order to profit. In some situations, the holder of default-swap protection benefits more if the issuer goes bankrupt than if it were able to fix its finances in a less drastic way. “The more I’ve heard about them, the more I’ve realized they’re truly toxic,” Mr. Soros said Friday, according to Reuters. Later, he added: “It’s like buying life insurance on someone else’s life, and owning a license to kill.”