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Is there an easy way to find out what the CDS exposure is on Chrysler, and who the counterparties are? Will there be an auction to assess the value of the bonds and then payouts follow? Funny that this isn't making any press...

noun or verb? noun: I am not an expatriate. just been fortunate and things are starting to go my way verb: It might be a good idea, but I'm not sure where to... plus the US insists on taxing global income, so I'm not sure how much that's help, unless the company sending me oversees agrees...

Wish mine had. not too many years ago I made less than half of what my tax liability is now... I don't see it getting any better for suckers like me who have to pay taxes...

huh? what about the little old schoolteacher pension fund that was holding these bonds to pay out pension payments to frail little widows that worked 30 years in a job that traded pay for pension & benfits? Should they be "american" and hand over their bonds at 30% of par? or should they be...

rating this thread 5 stars solely for this post. I agree 100%

why is GS the only bank anyone sees? What about BNP Paribas, and all the other Euro banks that in some cases got way more collateral $ because the govt. decided to prop up a disastously overleveraged, under-reserved firm???

I wonder if she feels all the euro banks should have to give the $ back too, or does that only apply to GS?

But still oil is at $50/barrel. Makes me worry about the dollar.

I think this may turn out to be a gold mine... Well, not "gold" mine, but "dollar" mine (either tax or printed). I wonder how many of the entities are related or connected to the current holders of the "toxic" assets.

ok, fair enough. guess I need to jumpt to conclusions a little less... :cool: I'll watch it this weekend.

omg I can't believe this developed into a 2200 hit thread... I haven't watched the video, but can guess what it's about. Dubbya, a lone and visionary genius standing against the proponents of Democratic fallacies that would push the country over the tipping point, but no-one would listen...

Im no UBS fan, but for a country as corrupt as Italy to punish people because their trades suck is pretty weak. I wonder if they would have given UBS an extra 100MM if the trades had gone their way.. I think likely not...

This falls smack in the middle of the "who gives a shit?" category. If he were to ever only waste $60k/hour it would be heaven... let's see: printing trillions of dollars, screwing old people on fixed incomes, raising the price on being successful in the US, all that's ok. Taking a...

Interesting... they distinguish between "not marketable" and "toxic."

Just like in Russia back in the day... big brother must track everything. god forbid people have a little privacy or liberty.

You're all wrong. :p :D Have you forgotten the PPIP? Banks are hording the TARP $ to buy each others' "toxic assets" at a 800% premium to their value and then leave the fed & treasury holding the bag. I wouldn't lend either if that was my next best alternative...

Which means it's less of a problem, not more...

lol. Time to gtfo of the UK. Let the brain-drain to the US begin... Or wait, didn't I just read that many exceptional idividuals are choosing to ditch the US as well? hmmm.... Singapore ahoy!!!

damn... condolences to the family. I hope that shithead politician that recommended retention bonus collectors / bailout recipients commit suidice feels at least a little like an ass...

So I think generic things like "don't fight the market," or "general conditions have to be right" are things that are just plain obvious these days, so I don't count those as "lessons." I like how the book goes into the various ways he lost money to re-enforce that practically anything can go...