[rabscuttle385]

The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." —Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[plangent]

Pardon me, but if all of these Credit Default Swaps are “off the balance sheet” what damage can occur to the balance sheet if they are allowed to go to zero?

I’m not particularly of a financial mind, but accounting rules have meaning and, perhaps, I’m missing the meaning of “Balance Sheet” Or is it that they are really on the balance sheet in a disguised way?

If so, I’d say “too bad, so sad”.

Thanks, Guys.

[Eric Blair 2084]

It really is the job of the BOD to remove retarded CEO’s who are willing to bankrupt 100 year old companies and manage the company stock price instead of managing the company.

It’s not the Gubmint’s job.

At least in a free market it is. The WSJ and NY Post are right.

But then we are in the new phase of the USSA.

If they won’t do it, then BFO and angry libs in Congress and pseudo conservatives on forums will do it for them.