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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (2730)	4/18/2020 11:52:26 AM
From: ggersh	1 Recommendation Recommended By The Ox Respond to of 2794

Instead of "thousands" I might narrow that down to the "terrible three" oh and we were warned wallstreetonparade.com Brooksley Born is best known as the sole regulator in the Clinton administration who attempted to regulate derivatives and became the target of bullying by then Treasury Secretary Robert Rubin, his enforcer, Larry Summers, and Fed Chair Alan Greenspan. Frontline aired an expose on the guts Born summoned to stand up to the Wall Street enablers’ cartel. In the end, of course, Wall Street had its way and derivatives remained unregulated. Born resigned her post.

To: Worswick who wrote (2730)	4/18/2020 11:55:35 AM
From: ggersh	Respond to of 2794

Instead of "thousands" I might narrow that down to the "terrible three" oh and we were warned wallstreetonparade.com Brooksley Born is best known as the sole regulator in the Clinton administration who attempted to regulate derivatives and became the target of bullying by then Treasury Secretary Robert Rubin, his enforcer, Larry Summers, and Fed Chair Alan Greenspan. Frontline aired an expose on the guts Born summoned to stand up to the Wall Street enablers’ cartel. In the end, of course, Wall Street had its way and derivatives remained unregulated. Born resigned her post.

To: Worswick who wrote (2730)	4/19/2020 3:46:57 PM
From: The Ox	Respond to of 2794

It would seem to me that all of these issues will surface down the road but in the short term, they may be "papered over" by the FED's (and other central banks) current approach. Were the banks forced to directly address diminishing liquidity in several key areas, we'd see more "blown up" entities. In the same way banks are being forced to loan money to businesses that should not have money loaned to them, the FED is spreading enough money around to push out some of these disasters, that are just waiting to happen. Unless we get a major domino falling that catches the powers that be totally off guard, we may be wise to expect the train wrecks to occur farther down the track. They've greased the squeaky wheels but at some point they'll run out of grease or simply miss a wheel that wasn't squeaking loud enough.