New Leadership Is The Only Cure

Discussion in 'Trading' started by Aaron Copland, Oct 8, 2008.

  1. Can Paulson & Bernake. They have ZERO credibility. Yes its that simple.
  2. New Leadership won't disappear the trillions in derivatives that are due.

    They need to net everything, suspend or destroy the rest.
  3. I wonder what would happen if they just declared "all CDS's null and void"...

    All obligations, cancelled. ??
  4. moarla


    as USA is the country who can not live without money from others, 1/2 day and USA would be gone
  5. 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.

  6. Hey I want my debts cancelled.