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Hey Brewha and Bloody....
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ZRX1200 Offline
#1 Posted: Wed, Jan 29 2014, 2:31 AM EST
Joined: 07-08-2007
Posts: 60,630
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

Posted link due to the graphic, woth looking.
HockeyDad Offline
#2 Posted: Wed, Jan 29 2014, 8:10 AM EST
Joined: 09-20-2000
Posts: 46,164
I need to get me some derivatives!
DadZilla3 Offline
#3 Posted: Wed, Jan 29 2014, 9:02 AM EST
Joined: 01-17-2009
Posts: 4,633
Way back during the Clinton administration Brooksley Born, head of the Commodity Futures Trading Commission (CFTC) in Washington, tried to introduce legislation to get some degree of oversight in the largely unregulated derivatives market. She was shut down by a Congress advised primarily by Alan Greenspan, Robert Rubin, Larry Summers, and Arthur Levitt.

Watch the presentation of Frontline: The Warning.

http://video.pbs.org/video/1302794657/
DrafterX Offline
#4 Posted: Wed, Jan 29 2014, 9:32 AM EST
Joined: 10-18-2005
Posts: 98,566
interesting stuff... Think
Brewha Offline
#5 Posted: Wed, Jan 29 2014, 10:31 PM EST
Joined: 01-25-2010
Posts: 12,201
Turning a blind eye to the economics behind the curtain is what America is all about. Hell, most people think the Federal Reserve is part of the government.

You have to just give it a big hug when you hear people saying that regulating the banking industry will destroy the country. Because we are dumb all over. And we never want to pay attention to the man behind the curtain.

I'll type it again;
Give a man a gun and he can rob a bank.
Give a man a bank and he can rob the world . . .
DrMaddVibe Offline
#6 Posted: Thu, Jan 30 2014, 7:47 AM EST
Joined: 10-21-2000
Posts: 55,516
DadZilla3 wrote:
Way back during the Clinton administration Brooksley Born, head of the Commodity Futures Trading Commission (CFTC) in Washington, tried to introduce legislation to get some degree of oversight in the largely unregulated derivatives market. She was shut down by a Congress advised primarily by Alan Greenspan, Robert Rubin, Larry Summers, and Arthur Levitt.

Watch the presentation of Frontline: The Warning.

http://video.pbs.org/video/1302794657/





One of my favorite shows to watch on YouTube. I've posted this before on this site.

She's a hero in my book for seeing the danger and making it known. The entire Clinton administration buried her. Imagine what we might've headed off taking her suggestions? Couple that with Ron Paul's "Audit The Federal Reserve" mantra...rinse, lather, repeat.
Buckwheat Offline
#7 Posted: Thu, Jan 30 2014, 9:16 AM EST
Joined: 04-15-2004
Posts: 12,251
You guys just don't know what is really important in this country!! Sarcasm

http://www.bbc.co.uk/news/world-us-canada-25954645
rfenst Online
#8 Posted: Thu, Jan 30 2014, 9:23 AM EST
Joined: 06-23-2007
Posts: 39,379
All in favor of market regulation raise their hands!
triodes Offline
#9 Posted: Thu, Jan 30 2014, 12:11 PM EST
Joined: 06-02-2013
Posts: 565
and that is just the exposure they are admitting they have.

Other guesstimates indicate it could be multiples of those figures.

Of course, they say they are hedged and that it will all balance out in the end.

Long Term Capital Management said the same till they blew up.

It will balance out, it just won't balance out evenly. If you have direct exposure you are going to learn the meaning of "bail in"
DadZilla3 Offline
#10 Posted: Thu, Jan 30 2014, 3:40 PM EST
Joined: 01-17-2009
Posts: 4,633
BBC aired a three part series 'The Love of Money' awhile back. Episode 1 was 'The Bank that Bust the World', detailing the death spiral of Lehman Brothers and the efforts (and non-efforts) to save it. Episode 2 is 'The Age of Risk, and Episode 3 is 'Back From the Brink', which shows how close to financial Armageddon the world was (or, is).

Good stuff and highly recommended, my brothers.

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-1-the-bank-that-bust-the-world/

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-2-the-age-of-risk/

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-3-back-from-the-brink/
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