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I'm already getting Shelby flashbacks. It would really be something if this vote fails.and the second. and the third...:D

Citadel Seeks to Raise $500 Million by Opening Fund to New Cash Email | Print | A A A By Katherine Burton Dec. 5 (Bloomberg) -- Citadel Investment Group LLC is opening a $2 billion hedge fund to new cash from clients and plans to have it buy stocks from the firm’s two biggest funds...

Maybe not for now. But give it a few months.

here's why: Bill Gross joins Buffett in warning of derivatives Thu June 5, 2003 11:52 AM ET By Eric Burroughs NEW YORK, June 5 (Reuters) - Warren Buffett isn't the only big-time investor warning of the potential threat the vast and ever-expanding derivatives universe could pose to...

The gov't has done, and will do whatever is necessary to ramp the financial sector into yr end to avoid some yr end demolition. So lets party like its 1999! cus they say 2 thousand zero zero nine party over with outta time!:D

Talk of automakers bankruptcy plans tonight. Will GM BK be the domino tha triggers trillions of CDS payoffs thereby crushing the economy? Has the market factored this possibility in? http://www.rgemonitor.com/financemarkets-monitor/254546/what... You see, there are trillions...

Another Goldman unit hit by decline By Henny Sender in New York Wednesday Dec 3 2008 18:45 Goldman Sachs (NYSE:GS) ' plans to expand its wealth management operations have been dealt a potential setback by a dramatic decline in the value of another of its funds. Goldman Sachs Liquidity...

another down day. Looks like end of year flush on tap. One has to wonder if these things have ANY value @ all, regardless of rating.

ABX indices pounded right back this week. This could be some show into year end. No wonder mkt is worried about MS GS reporting on Dec 16th/17th

I think the Insurance cos are due to get crushed again. No bailout for them so far. HIG MET PRU ALL AOC MMC AFL TRY CB Not to mention they are the only group left standing in the XLF.:D Also the XLE is way overpriced here. Probably an easy short with oil plummeting through multi...

nice call:)

Good article. I guess C was the one that fell off the cliff. Will JPM and BAC be next?

The only way to "win" is to have the entity default or go bk(like LEH). Then the CDS holder(aka shorter) is paid out. Otherwise the contract lives on until the end of its term and the writer pays an annual fee to the holder. http://en.wikipedia.org/wiki/Credit_default_swap Perhaps...

Well I looked it up. LEH had 365 billion in CDS which was netted off to like 6 bil. If you extrapolate that out for 50 trillion it doesn't seem all that daunting - somewhere around one trillion in losses. BWTFDIK I'm just a trader.

lol exactly. Why would anyone screw around in this period with small/questionable brokers.:confused:

The issue sounds about right. But I'd like to see his source for 50 trillion.

are you 100% positive that was why the market moved grasshopper? Although, the market did run 500 points when the 700 billion bailout bill was signed...oh wait:D

here you go rookie: "The stock market is not operating in the present or reflecting the present; it is operating on what is yet to be the future. The market often moves contrary to apparent common sense and world events, as if it had a mind of its own, designed to fool most of the people...

..or not.

hmm V bottom. We will see how it plays out into yr end.