Posted by Matt in February 27th, 2010 |
no comment
Published in
Financial,
Bank For International Settlements,
Congressional Reform,
Credit Default Swaps,
CreditDefaultSwaps,
Derivatives,
Face Value,
Fair Game,
Financial Crisis,
Loopholes,
Nytimes,
Second Quarter,
Trillion
Congressional “reform” plans for credit default swaps are full of loopholes, guaranteeing that another derivatives-fueled financial crisis awaits us. According to the Bank for International Settlements, credit default swaps with a face value of $36 trillion were outstanding in the second quarter of 2009, the most recent figures available.
Fair Game – Who Will Rein [...]
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Posted by Matt in February 8th, 2010 |
no comment
Published in
Economy,
Financial,
Chairman Of The Federal Reserve,
Chairman Of The Federal Reserve Board,
Countries In The Euro,
Economic Problems,
Economy,
Euro Zone,
Fair Game,
Federal Reserve,
Federal Reserve Board,
Financial Crisis,
Financial Leaders,
Greece,
Henry M Paulson,
Henry M Paulson Jr,
Indebted Countries,
Investors,
Nonsense,
Portugal,
Subprime Mortgage,
Treasury Secretary
YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations.
After all, we heard the same nonsense in 2007 from United States financial leaders talking about the subprime mortgage mess. Both Ben [...]
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