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

To: RockyBalboa who wrote (22048)	8/14/2009 12:35:51 PM
From: Real Man	Read Replies (2) \| Respond to of 71456

That looks like a typo there, 600 Trillion notional is the total size of OTC derivative markets, of which CDS is not the largest part. That said, I am not sure Markopolos or the author of that article knows the distinction between various types of bilaterial contracts. Otherwise he gets the broad picture quite right. I'm sure the Fed, the Sec, the CFTC, the Treasury are well aware of the existence of these markets, their potential to blow up, their previous blow ups, and the way to fix them with duct tape (printalot). No need to blow a whistle there. -g-

To: RockyBalboa who wrote (22048)	8/14/2009 12:42:11 PM
From: zamboz	Respond to of 71456

Thanks. Hopefully, this issue will finally be brought out fully into the light of day! This is a good time for some public outrage as new regulations are now being discussed.

To: RockyBalboa who wrote (22048)	8/14/2009 3:46:17 PM
From: axial	2 Recommendations Respond to of 71456

Markopolos is right, but he's late to the realization. Several others, including carranza2 and gg have been tracking this for months. Message 25527632 Swap holders have been found pushing for the death of productive companies, and loss of jobs, in favor of their own financial gain. Many other useful entereprises have been prejudiced by swaps: Message 25505876 In economic terms the "social value" of swaps specifically, and derivatives in general, is the issue. What useful purpose is served by diverting huge amounts of capital from productive investment in the economy, while simultaneously increasing systemic risk? Jim