Thanks for the information. My impression is quite a few folks don’t understand the concern they should have about Dubai. Last year it was another major player who tipped the foreign markets that caused the run on the window. These guys are bigger, the question is do they have more control? I am doubting it as they are using the same group as GM to reorganize. Markets don’t like uncertainty.
What we are not seeing is the real story on all the players, who, when, how much, meetings, etc that tie it all together with the global derivatives sham.
A lot of real money has already been skimmed off the top with nothing but defaults and seriously depreciated assets left on the books.
What the crooks are now doing is pawing and buying off the politicians to protect them (the crooks) and at the same time, hand the bill to the common man while a few wealthy elite laugh about it on the back of their yachts eating caviar and drinking $200 / bottle champagne.
There are several here now on FR that will (and have) told me I need to take off my foil hat....so did the 4 brokers I know that no longer work in the industry and one has lost his house and 2 new vehicles. (during the NASDAQ 1998 pimp up).