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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (25328)	6/13/2011 8:18:22 PM
From: Giordano Bruno	4 Recommendations Read Replies (1) \| Respond to of 119362

>The market is not going to like this tough love one bit.< Do they have any choice? The Domestic Investigations and Operations Guide ...Some of the most notable changes apply to the lowest category of investigations, called an "assessment." The category, created in December 2008, allows agents to look into people and organizations "proactively" and without firm evidence for suspecting criminal or terrorist activity. Under current rules, agents must open such an inquiry before they can search for information about a person in a commercial or law enforcement database. Under the new rules, agents will be allowed to search such databases without making a record about their decision. sltrib.com

To: TH who wrote (25328)	6/13/2011 9:21:17 PM
From: The Reaper	2 Recommendations Read Replies (2) \| Respond to of 119362

You would be hard pressed to argue that there is not sufficient capital or liquidity. I read somewhere just recently that the U.S. banks have an enormous exposure to CDS they wrote on Greek debt. That's where all the liquidity is going to go right up to the insolvency point for these banks. If Greece has a default event, XLF puts are where you want to be. That is why you're hearing so much chatter in Euroland about a solution that doesn't trigger a "default". If the CDS's have to be paid out it's going to be game over. Just on Greece alone there's something like $100B notional value outstanding. It's AIG all over again.