New Leadership Is The Only Cure

Can Paulson & Bernake. They have ZERO credibility. Yes its that simple.

 

New Leadership won't disappear the trillions in derivatives that are due.

They need to net everything, suspend or destroy the rest.

 

I wonder what would happen if they just declared "all CDS's null and void"...

All obligations, cancelled. ??

 

as USA is the country who can not live without money from others, 1/2 day and USA would be gone

 

We've seen every other type of chicanery and largess, so far.

So i dont see why not.

I don't know how much the bailout and Fed actions are even legal, so much is happening. Not that a court would dispute in these conditions.

But yea, its the best chance they've got to avert what could be a real honest-to-God meltdown.

I'm not sure why they haven't done so already

There's contractual consideration - funds and insurance buyers - who sue for breach.

Dunno, Man.

 

Hey I want my debts cancelled.