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 : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (27742)	3/30/2010 11:40:48 PM
From: maceng2	2 Recommendations Read Replies (1) \| Respond to of 71477

with her proposed fixes Reference Janet Tavakoli. Hi Larry, thanks for your reply, it is an interesting discussion point. When it is suggested that a large bank like Citicorp should be allowed to fold up and go under there would most certainly be unknown negative repercussions. When dealing with the unknown, most professions fall back on the things they habitually do to try and fathom the problem and find a resolution. For example Accountants will go off a count things and look to see if the sums point out at any answers. Typically engineers go and measure something. Engineers have a primary habit of measuring things before they devise and calculate answers. I'm from an engineering background myself, and I note that Janet Tavakoli is an ex Chemical process engineer. When Janet Tavakoli says that something is a "GALATICALLY BAD IDEA", my understanding is her considered opinion sees things as exactly that and it's not just a piece of hyperbole. I also think she is very knowledgeable with the derivatives market and her business is to arbitrate between major players disputes in those products. I think her views need considerable airing, and in the absence of better advice, her recommendations followed to the letter. Just listening to Brooksley Born, it it looks to me some grave action is necessary to stop repeat breakdowns that will only result in even a worse disaster for the American people and indeed the world economy. The bit at the end (part five of five *) of this link spells it out. youtube.com youtube.com youtube.com youtube.com youtube.com (*)