I find this to be an interesting situation that deserves attention....
Take for example the case with Dick Fuld, and the supposed legal approach to a certain house of cards....
For simplicity.....
One average house
$250,000
Legal contracts valuation based on
$250,000 hard...
Actually, GM and F need to be relieved.....
The optimal structure would be for a Chinese based firm...or possibly firms like TATA....to take over the best assets......with some assembly taking place in the US....void of the labor unions, medical, and retirement obligations...
http://www.eurointelligence.com/article.581+M55e4060098f.0.html
Needless to say.....will be increasing their workload.....
Or...will be testing their relevance....
I agree with you....
One would have to believe that the politicians are going to have some real fun with this very topic....
In the very near future.......
Here it is.....for simplicity purposes....
Housing component...
1) Housing
$10,000,000,000,000 valuation
30% of the valuation is due to easy lending practices....
.........................................
Normal Valuation
$7,000,000,000,000...
All good points....
Let us simplify this a bit further...
Nonregulated, non-exchange traded derivatives are the cause in a nutshell....
Why ?
Ask the question, what would be the state of the financial system had they never seen the light of day...
Very true...
But let me see....
Who from the list would you rather have as an economic advisor....
Bush
Cheney
Greenspan
Roubini
Chavez
Bernanke
Paulson
Pelosi
B.Frank
OBama
McCain
They called for looser accounting rules regarding the valuation of assets and advocated a revision in compensation practices of traders and financial executives to discourage ``excessive risk taking.''
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Just think....
If the...
What is of particular interest is that there are a lot of assets around....
Even the McMansions do not care about legal agreements....they are just bricks, land, and mortar....and will be there tomorrow, empty or not.....
Legal impediments about prices hamper the usage of physical...
Exactly.....thank you for the correction...
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Interesting chart reflecting the coming required changes in savings/debt trends......
http://www.creditwritedowns.com/2008/07/chart-of-day-household-debt-vs-savings.html
http://www.rgemonitor.com/roubini-monitor/253853/financial_and_corporate_system_is_in_cardiac_arrest_the_risk_of_the_mother_of_all_bank_runs
Roubini is perhaps the most qualified in terms of reasoning to date regarding the crisis...and should be listened to...
The failure to rollover short...
The fact is that you have people in responsible agreed upon leadership positions who are not qualified to be in their positions other than being elected by advertising budgets.
In order to understand financial issues that are most prevalent today, one has to understand both financial...
Genesis has the right business model...
They own their technology....
Fast executions....
They are highly responsible for bringing and keeping an
efficient commission structure...
The Mom and Pop firms who spend a lot of money advertising with their customers money cannot compete...
I hope we all move our trading overseas and CUNT Pelosi stews in her own juices of disbelief.
She and the DemoCraps want EVERYBODY to pay except for those responsible....
Is there nohe justice in this world?
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This is already in...
http://www.foxnews.com/video2/video08.html?maven_referralObject=3129030&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/
The US public needs to see this one....
This is how it would work. The Treasury secretary would rely on bank examiners rather than delegate implementation of Tarp to Wall Street firms. The bank examiners would establish how much additional equity capital each bank needs in order to be properly capitalised according to existing capital...