I own 12 million in swaps and I want my money NOW!

09-27-08 07:05 PM

rc,

I am writing an exerpt in italics from the link that I posted in the opening post.



One of the major reasons that the government helped out in the Bear Stearns situation,” Treasury Secretary Henry M. Paulson Jr. testified at a Senate hearing this week, “was to avoid throwing it into bankruptcy with all the credit-default swaps

So if the lehman had some swaps.... they would have been saved?

Wifey







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Quote from rcj:

All that paper is gonna burn in Hell ....
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Hmmm ....i see ur point, bro. So if L had leveraged up some more
with more swaps and a bunch shady countr parties then
maybee they woulnt have had to go to Hell after all...

works for me...:)

rj/rc
 
Quote from triggger:

don't mind him, we want you back ES

you are as liquid as the real ES :)
More...
You should have just stopped with the first 3 words. :D
 
Well perhaps many did not know what the real problem is here...CNBC and FBN is just wasting your time with a smokescreen....700 bill or 10 trillion will not stop this problem if one Wall Street Firm goes under that houses these Swaps...just ask Paulsen what he is scared of if you do not believe me.

If they allow just one firm to blow...the dominoes will fall and the cascade becomes reality and not any amount of money that we can come up with can stop it...

But this is not the first time that you have been lied too...there really needs to be just enough regulation in a Capitalistic ecomomy to keep American humans honest.

They do not want the American people to know that it is the 62...or err...the 54 Trillion that is needed to properly securitize the instruments in the beginning....but Thank Gawd for creative accounting....

The Cox dude should be fired, for allowing this to go on....These Swaps should have been regulated and he allowed them to grow to the size of the entire market....imagine that....Hey maybe Cox is an Alchida operative? (did I spell that right?)

Hey Why doesn't the USA just go BK like Orange County?....and get a fresh start? Put those swaps back into Porno where they belong? ummm...Cox and Swapping should be forbidden to be used in the same sentence...

Wifey
 
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