||||||Doom and gloom ping list. Economics and geo-political economics. Freep-mail me if you want on||||||
“”Meaningful margin discipline, collateral and risk limits will be imposed.””
Ha ha. Righto. Everything Obushma has done has been to validate this stuff, and continue with it. It will continue.
By the way, how are CDO swaps competitively fair to normal insurance companies who have to play by the regulations and keep reserves and follow laws and stuff? Its not. We should deregulate insurance companies so they do not need to keep any reserves. Freeedom! Deregulate!
Just kidding. CDOs should be regulated (horrors!) out of existence. Their whole reason for being was to get around established insurance laws.
It seems by every ones comments that a lot of folks have done their homework and learned what all of those acronyms mean and how wall street used them to defraud main street. We need a strong banking system for the financial well being of this country, but not one run by these guys! The repubs did this to themselves listening to advice from ivy league wall streeters , and they screwed the conservative movement also. Just to think, they wanted their shot at our SS benefits too. Bush is a decent man who chose bad advisers.