i think it was the credit default swaps where they bundled several mortgages together and sold them as packages ,with no validation of whether the mortgage existed or how many times the same package was resold to different buyers,ask the packagers to show you a mortgage to represent the ones in the package,it's all buried,ask any banker or mortgage company if there was paperwork done following the holder of the title,ther will tell you that there was no documentation following it up....US,aig,freddie,fannie got caught with there pants down,the damage of the bailout was much smaller than if news got out on the major scam these wall street giants pulled off,on shore and off..would you buy a car without a title.let alone a house ,or a 5 mil credit default swap of several houses
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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So, everybody bought some put protection 1020-1050 ?
1069 gap filled on cash
Quote from owusu:
Do not, I repeat, do not short es today, or you will be ruined, just kidding
Funny thing is that meanwhile we have the 5-yr notes at Lehman panic levels (the 10 and the 30 still somewhat off, but quite high nonetheless). Yes, I know about deflation, parking your money for the summer, etc.
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