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This is the bottom line and it goes both ways. What is being overlooked, is that Atlanta is a center for wealthy, successful black businessmen, actors/actresses, stars, etc. Most of it was built off the hip hop industry. It's like a world of its own and it is kinda segregated. So what...

Millions of people? Really? You must be talking about the millions of 401k funds.

Wow you are so amazing, please tell me more.

Is this a serious post? Maybe we should go back to feudal times when the poor paid all the taxes and the rich paid none? It's just tax breaks expiring, there is no real tax hike. Even without the breaks, taxes on the rich are less than they were 20-30 years ago. Wow, you are a greedy pig.

Thank you, Just want to point something else out. As intradaybill so eloquently put it: "Assets = loans Liabilities = deposits" Isn't interesting how our money & savings aka deposits magically turn into loans aka assets for the bank. Loans which go right back to us. Even Houdini...

Yes and that is exactly why when Level III had to be re-valued to what they were worth (almost nothing), all of the sudden these banks had no equity and became insolvent. All of the sudden, liabilities exceeded assets by a huge margin. I wonder how all those liabilities got racked up in the...

The best comparison that I can make is Enron. Phantom assets.

I'm the troll yet you're the one calling marxists as the cause of the financial crisis. You have zero idea how the deregulated banks work. You have zero idea of how Fed lending facilities work for the big banks which are part of the system. Isn't it interesting that small local banks which...

Well the question then becomes, what is preventing you from testing the system in live trading? Are their extensive software & hardware requirements? Do the commissions have to be rock bottom, hence requiring a steep minimum account size?

You really have no idea what you're talking about. Please stop unless you plan on being serious instead of spreading your idiocy. You can do a simple search on Level III assets to learn what they are and why it's controversial even prior to the financial crisis. A bank can't take its own...

What do you think MBS, CDOs, RMBS are? What do you think Level III assets were? There is so much information written about this on the web by various writers & bloggers. You take a bunch of mortgages, mix them up, splice them up, put it together into a "new & improved" financial...

No, he is right. Since late 1990s, banks were able to turn derivatives into assets and lend against them. That is why you're seeing assets on the books of the banks simply disappear into thin air.

Ok, this is simply not true. Redemptions are happening because investors are being hit with reality that they do not have as much money as they thought. There is no $8 Trillion on the sidelines, I don't even know where you're getting that figure from. The traders and PMs that have been laid...

And how is trading with a Series & different? Remember WorldCo? Well probably not, I doubt you been around that long. Trading without a 7 means less hassle, less costs, less bureaucracy.

If the sh*t hits the fan, this setup will make you a prime target for bandits & criminals. At best, you will be a self imposed prisoner in your own home.

Regardless of the aim toward lax lending standards pushed by politicians, the banks will not give a mortgage that is a near guaranteed default. The only reason for them to do so if there are profits to be made in the securitization process. Most of these mortgages did not go to minorities...

It was not the interest rates that caused the bubble. It was the acts by the Fed in the 1990s allowing Level III assets, mortgage derivatives & credit default swaps. Why are people even paying attention to what Greenspan says? It's like having a mob boss explain how what he does is only...

Well if you're not celibate, then I would hate to see any of the creatures you take to bed if you're so easily impressed by surf's "merit". [B] My statement is that he is simply capitalizing on his privileged background. [B] I'm not your bro and I'm not giving any support. I'm...

Well your obvious outrage is inhibiting your reading comprehension. That comes from my relatives. My experience with Indians is in the US, and it is similar. They are shady, and I have had a number of good Indian friends. Just a cultural thing, nothing more. It's the same as saying that...

This statement really ironic, considering the rest of your post.