[Candor7]

AIG's largest trading partner wasn't a nameless European bank. It was Goldman Sachs.>>>>>>>>>>>>>>>>.

Now what was the name of the firm that Paulsen just retired from????

[Candor7]

Ping to AIG fraud disclosures now coming out in default credit swaps.

Paulsen is on board with the Obama agenda.He has traduced our president and Congress.

[BTW, I could not post on news activism. The topic page was loading blank repeatedly, preventing it.I logged off and relogged, but it remained the same. Anyone else have this glitch?]

[AuntB]

BTT!

[concerned about politics]

Around the world, banks must comply with what are known as Basel II regulations. These regulations determine how much capital a bank must maintain in reserve. The rules are based on the quality of the bank's loan book. The riskier the loans a bank owns, the more capital it must keep in reserve.

The 1995 Community Reinvestment Act forces banks to give loans to those who can not repay them. They're backed by tax dollars. Socialists took full advantage of these and recruited the poor and minorities to buy homes they could not afford. The Socialist organizations then bought those loans, and demanded the government, taxpayers, to comply with the guaranteed taxpayer backing. 700 billion in cash is now due, and the government now controls 50% of our housing industry.
No one is Washington is daring to repeal, or even speak about the 1995 act for fear of racial discord.

Please take the time to read the 1995 Community Reinvestment Act.

[org.whodat]

True and I bet we never see the first person go to jail, but Paulson will keep his billion.

[VOA]

bump

[LeGrande]

The article was great until the conclusion. The collapse is deflationary, Cash is King right now.

[JohnQ1]

This certainly helps to explain why the Treasury Secretary was so terrified when he appeared before Congress. He wasn’t scared of them, but of his wealth going “poof” along with everyone else’s, and of his reputation going with it. And he will now manage the bailout? Thanks much, Candor7.

[WV Mountain Mama]

FYI for anyone who would like to learn how derivatives work. It's long but gives a pretty easy to digest explanation. I know that a lot of FReepers say they wish they understood more about them.

http://financialsense.com/fsu/editorials/amerman/2008/0917.html

[Candor7]

Please excuse me for writing to you. I attempted to post this thread article to the Activism forum, and when I toggled the ( Choose Topics) button , the loaded page was repeatedly blank. Yet the Chat posting window worked fine.

Is there something I am doing wrong, or is the Post to Activism page just not working well?

I logged off and back on several times, but that made no difference.

Thank you for any advice you might be able to give via Freep Mail

[politicket]

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