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Are the counterparty obligations of a bank absolved when the FDIC takes them over, or do they fall in line somewhere as obligations that are honored? I have no idea...just asking. Stosh

Good explanations. I find it fun to try to predict (in the off hours) what will happen the next day during regular trading. Of course, in the U.S. you lose a lot of sleep doing this and can also lose your ass. Stosh

About a century ago, my great grandfather owned a cotton gin just south of Arlington, Texas. A man working there lost his arm in the machinery and when he recovered my g-grandad rehired him. I have some old records of how great grandfather was highly praised locally for his kindness in...

I'll bet his visit to the Whitehouse doesn't happen unless he takes one of those daily tours. Stosh

I thought he was even better tonight talking to Kudlow. He threw the mortgage bailout plan up in the air. Santelli for President!!!!!!!

In the IB chart parameters box, after I checked the box for "update line chart every 1 second" my charts really sped up. But I don't trade from the charts...just use the line charts for reference and they are fine for me. Stosh

In my opinion, the biggest risk with futures is the lack of appreciation of the dangers of the leverage available. It takes lots of willpower (born of pain) to withstand the temptations hidden in the mixture of greed, fear, and leverage. I think options are a better choice, unless you are...

I'll be at the Tea Party this summer making noise, will you????? Stosh

Kudlow does some good rants.....but doesn't have the audience or Drudge links. And I don't think he is middle class.

Santelli seemed more subdued when I heard him this morn......but I didn't hear all his segments. Any more mention of the Tea Party. Stosh

Thanks......I suppose the 2 yr, zt, would be the best.

Rick is my new hero. Can't wait for the Tea Party, but am wondering what we will throw in the lake......perhaps effigies of certain politicians? Stosh

In many situations it is better to do NOTHING than something. It is very possible that this is one of those times. We will never know for sure.

I've found symbols for 10 yr, 5 yr, and 30 year, can't find a globex symbol for short term treasury futures. Suggestions, please. Stosh

Santelli said tonight that they would be organizing the Tea Party this summer. Hope he doesn't lose his job over this.

Whenever I get my invitation to the Tea Party, I will RSVP immediately. Stosh

I'll show up for the tea party if someone organizes it.

I remember a similar thread some time ago. Seems like one of the former Soviet (eastern European) countries came close to your criteria. Maybe Lithuania....not sure.

Well said, Cherubian.

After a slight delay, it appears that the train is leaving this evening......destination 800 on s & p futures overnight.