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Japan already tried this - big banks with shit assets buying small banks with shit assets - everyone in denial.

One the one hand we have the stupidest and poorest Americans who bought McMansions by lying on their loan application and now irresponsibly walking away from their homes. On the other hand we have Wall Street and Paulson/Bernanke engaged in unprecedented fear mongering warning of an immanent...

Every Pro Veteran trader knows that this whole fake crises is all about economic terrorism and extortion. You have to be a complete piker to believe Paulson/Bernanke on this issue.

Here is what I would do: 1 Eliminate the M2M accounting rule so banks can realize a higher value for their loans and distressed assets. 2 Create a clearinghouse for CDS products with strict margin requirements. No derivatives contract should ever trade without being regulated by an...

Notice no senator/congressman is asking the real questions any good trader would ask: 1 Why not suspend M2M accounting for the banks - so they themselves can do what Paulson wants to do - hold assets to maturity? 2 Why not create a CDS clearinghouse ASAP? 3 Why not offer any bank in...

This is the most fake crises in the history of America. CDS poses a problem? Fine ban CDS contracts - make all the players fully hedge their exposure and then make those contracts unenforceable. Banks selling assets at fire sale prices is a problem? Fine just get rid of mark to market...

You see today's fake panic selloff. That's just another way to scare lawmakers into passing the bailout ASAP with no strings attached.

Don't be shy - admit it.

So now we know why we have so many GS scumbags in government - so they can unload their shares without paying any taxes. Very smart. And you sheeple probably thought they joined the government to do public service.

So what do you sheeple think about this idea?

As far as the CDS market - tell everyone to cover their positions then shut down that market. Make the contracts unenforceable by making them illegal in a few months. There are many other ways to hedge credit default risk.

Look the problem is *bad loans* in which: 1 There is no liquid market to dump this loans. 2 The banks are forced to mark to market even though no market exists. So all we need is a simple accounting change - so that the companies can hold these loans to maturity - which is what the...

JimmyJam aka MandelbrotSet is another guy that trades on his boss's computer. Don't these employers monitor internet access? If I ever found out that an employee was visiting forums or trading on the job - I would fire him on the spot because forums and trading can be very addictive and...

So you're another part-timer and hobby trader. But at least you admit it. You're pretty naive at times but I like you.

1 TGregg doesn't even trade. He has admited that he is now and Errand Boy for a Bigger, Stronger, Smarter Alpha Male. 2 The guy is a very vocal Republican with very strong right wing views - hence he is too impartial to be a moderator of the Economics forum. You simply cannot discuss...

Leave the country dude. You have the money and you can trade anywhere. And you're not tied down with a wife and kids. Move to a country that doesn't lock up people for having a health issue. I hope everything works out for you - what they are doing to you is very unjust.

Take Hydroblunt - that guy has admitted that he no longer trades and will never place another trade in his life and yet his is a very vocal SOB - constantly giving real traders like flytiger shit. Take TGregg, the guy has admitted that he blew up and now works for a bigger, stronger, smarter...

Hey trader28 - I finally respect you man. You are ET's one and only Hero. Because you realize just how f-cked up this place his and you know how to terrorize it. So I am now on board with your terror campaign - lets give these guys hell. I just created two threads attacking...

Listen Hydrocunt: You have already admitted that you no longer trade and will never place another trade in your life. Translation: the market chewed you up and spit you out broke and homeless. You're probably back to your old job of delivering pizzas, so go blow your boss now.

I think the best trade would be selling ITM puts that way i can profit from the collapse in volatility and the large move higher. But selling ITM puts is extremely risky and requires a lot of margin. So is it smarter to buy OTM or ITM calls instead considering the volatility collapse will...