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: Real Man who wrote (54079)	12/11/2013 1:43:22 PM
From: ggersh	Read Replies (1) \| Respond to of 71454

They do what everyone else does, models, arbitrage narrow everything down to zero, always.... Salomon Bros made money until they didn't, treasury spreads were huge until everyone played the game.

To: Real Man who wrote (54079)	12/11/2013 2:58:37 PM
From: ggersh	Read Replies (1) \| Respond to of 71454

You never mentioned that I need a lawyer to figure out what a hedge is .....-vbg- This Is How Much The Banks Paid To Get The "Volcker Rule" Outcome They Desired Submitted by Tyler Durden on 12/11/2013 - 14:14 Curious how much the various banks who stood to be impacted by or, otherwise, benefit from either a concentration or dilution of the Volcker rule? According to OpenSecrets, which crunched the numbers, here is how much being able to continue prop trading meant to some of the largest US banks and lobby groups: American Bankers Association: $6.495 million JPMorgan: $4 million Wells Fargo: $4.440 million Citigroup: $4.240 million Independent Community Bankers of America: $3.581 million Bank of America: $2 million Not bad considering the loophole-ridden Volcker Rule will effectively permit "hedge" books (where an army of lawyers paid $1000/hour defines just what a hedge is) to continue piling on billions of dollars in wildly profitable, Fed reserve funded trades.