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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:43 PM Original message |
Derivative financial instruments, it seems to me, are the underlying problem |
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supernova (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:46 PM Response to Original message |
1. You reminded me |
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Kaleko (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:56 PM Response to Reply #1 |
4. Great article in the Guardian - might be what you're looking for... |
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supernova (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:02 PM Response to Reply #4 |
8. That's it! Yes |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:07 PM Response to Reply #4 |
11. Thanks. |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 05:12 PM Response to Reply #4 |
15. Money quote- |
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RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:47 PM Response to Original message |
2. Government by the "elite" is the problem. |
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Schema Thing (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:51 PM Response to Original message |
3. I think "direct relationship" is THE key |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:58 PM Response to Reply #3 |
7. You nailed it. That's what I was driving at. The lack of a direct relationship |
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tbyg52 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:56 PM Response to Original message |
5. Yep. They collect their fees and then palm off the risk. nt |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:04 PM Response to Reply #5 |
10. Yes, and because they deal back and forth with each other |
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indepat (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 03:57 PM Response to Original message |
6. We can take some comfort that the current dollar volume of derivatives is not huge |
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supernova (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:04 PM Response to Reply #6 |
9. Imagine if the Phoenecians |
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indepat (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:09 PM Response to Reply #9 |
12. Mind-boggling indeed |
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Karenina (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:24 PM Response to Reply #6 |
13. $500 Trillion, give or take a few... |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 04:26 PM Response to Reply #13 |
14. And that amount helped inflate the balance sheets of so many finance companies |
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Karenina (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 05:18 PM Response to Reply #14 |
16. POOF!!! |
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indepat (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 06:45 PM Response to Reply #13 |
18. Only about 500 times the stated Federal debt when the Gipper took office not even 28 years ago |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 05:29 PM Response to Original message |
17. Relevant excerpt of MoJo article |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 06:57 PM Response to Original message |
19. Kick, hope this gets two more R's. n/t |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 07:10 PM Response to Original message |
20. Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake |
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burythehatchet (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 07:30 PM Response to Reply #20 |
21. this is to delay the inevitable. President O will be dealing with it. |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Tue Sep-16-08 08:26 PM Response to Reply #21 |
22. Agree, but I have to wonder why our elected officials have not |
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