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I disagree, but only because the putative pet foot eaters will outnumber in votes the right-tilted, anti tax spouting, Rush loving crowd whose ever increasing federal tax tabs will more than pay for the dietary needs of the majority. The right tilted rich can afford to serve as food bank for...

Wow, even the Fed chairman reads ET. Wonder where he gets his other material. Here's his testimony today, presented by Bloomberg, a week after my comment further below: The company “made huge numbers of irresponsible bets, took huge losses, there was no regulatory oversight because there...

If Bernanke is running for cover over this AIG disgrace, can GS' prop desk be far behind? Recall that GS prop trading, already by 3rd qtr of 07, had taken billions from the likes of AIG. Easy to envision GS, as an early and very big casher of these lottery tickets (aka AIG credit default...

Easier to retroactively tax than to retroactively break the policies. And if you tax, you also can require withholding the expected tax due on the jackpots, like at the track, where window deducts 33 percent or so of all big winning tickets. And by withholding, you'd snare the overseas...

How bout a windfall profits tax on CDS payouts, say 95 percent of each jackpot paid? We'd re-capture a good bit of these winning lottery tickets (aka scandalous corporate welfare for FOHs, friends of Hank). Not all of it course, because lotsa of the jackpot winners are overseas. Good news...

I see where Mr. Liddy, over at AIG, agrees with me, today's article quoting him below, with my own take from last week below it. Not real comfortable having anyone at AIG agree with me, much less the CEO, but that's the way it is. Let me know when you need more education...

And I'll insure his entire payment at the rate stated if you send me two thousand, half of which I'll keep as my commission. Call it credit default insurance. I have sweet deal with a big insurer, which is why I can sell this policy.

A wealth tax of even more than 10 percent is more likely and, for the better part, more fair -- even after acknowledging that it would punish the innocent with the guilty.

who said anything about mistakes? No mistakes at all, just pure exploitation of the fact that, due to no regulation, the "financial products" squad of AIG (the insiders who walked with fortunes) could create and sell any policy they wanted, for whatever price they'd need to get the sale (read...

You must be joking. You suppose the policies AIG sold actually had value to AIG and were rational in terms of risk and reward to the company, as opposed to being created and peddled purely to generate commissions for the individuals who sold them, namely the insiders at AIG who are long gone...

Thus far, this is greatest disgrace of the era. American taxpayers are hooked for mind boggling sums solely because individuals at AIG created and sold derivatives which -- (1) served no purpose other than making those individuals rich, along with certain, favored buyers of those policies...

The reason you don't know is because I bailed out the asswipes, me and millions of others. Otherwise, there'd have been a huge bankruptcy, a thorough post mortem, with the looters who destroyed the value entirely exposed, including by the scrutiny of potential employers (of the ex-AIGers) who'd...

2 questions: Is your firm better than BigDoughfx.com and its American affiliate BigPlayerForex4u.com? Do your live streaming video dealers have names containing at least as many vowels as consonants, as in Vladia? If no to either, not interested.

Absolutely agree. Two I have mentioned in past threads: The Train, with Angelina's dad The Gambler, with James Caan

Some truth in that, but only as a side effect which would be nice. The Bush team now basically is reduced only to favoring friends over all the rest (or business as usual, you might say): witness AIG and Bear versus GM and others. And yea, I know the difference between the US auto industry and...

I am not sure that he can be, although I agree completely he has stripped out partisianship and class war from his campaign. But the excesses and errors of the right wing have been so severe and damaging, that most any act of his as President will appear partisan. Moving national policies back...

I understand that this is true -- the part about GS exposed hugely to AIG. It appears that we the public are held hostage to that fact and facts similar to it.

Position is green and likely to finish today that way. Anyone following CAD have ideas on what to expect next week?

Trade below begun last night now is green. Outsized stops helped weather today, with my appreciation of price action in yen equities and crude all pretty much accurate (although I'd benefitted from that much more if I'd been more patient in entering). Like the position and direction more...

Tonight have gone long CAD over usd (futures not cash), three cars avg'd in at 8450, which is about midway of the overnight range (thus far) of 100 ticks. Will hold til each falls to 8330/15/8300 flat, or will avg up/double up if and when 8500 reached, same stops, then close at profit 1-2-3...