should cds be banned

so are you saying there need to be a "Department of Verifying Insurable Interest?" who decides whether your interest is insurable or not? Maybe some buereocrat (sp)?

Just make the sellers keep collateral. Much easier. I bet if they actually had to have reserves they'd become a lot more expensive...

 

Yes according to Soros, or at least limited to hedging actual positions and not to be used for speculation per se.

http://www.ft.com/cms/s/0/49b1654a-ed60-11dd-bd60-0000779fd2ac.html?nclick_check=1

 

Ban CDS?

Where are we?
Castro's brothel? (Cuba)
Chavez Venezuela?

CDS are part of the economic freedom, maybe they just need to make sure that issuers have an adequate plan and reserves (like any other insurance).

 

An oldie, but still valid:

 

Thats quite a change from the Soros Apr 08 when he said he wanted CDS traded in exchanges. If a guy like him that can kill the S&P and has higher than average reasoning ability doesn't know what should be the changes, what about the moron regulators appointed for political reasons who cant beat the market with a time machine and have a hard time changing their minds?

Soros essentially is fighting a losing battle. Its like during WW2 someone comes out and says "This is so tragic, we ought get together learn from this and make sure we never have wars again"

 

Yeah.

Let's not ban anything.

Let's not change anything.

Keep on keeping on.

Powa to da peeple.

 

wow, that shut yuz up

 

that is the point.

these wall street firms dealing in CD were not regulated.

futures market are not regulated by the SEC.

they had no regulation and if they did they bribed the regulators to just ignore all the warning signs.

this cd or subprime mess was already fucked in 2003. it was just disaster waiting to happen.

i guess the asian crisis in 1997 and LTM in 1998 didn't open anyones eyes.

 

wall street is paradise for crooks and hustlers.

 

you dont get it.

95% of these clown can't make serious money legitimately.

only by scam.

so they scam.

its our job to stop them in the act.

we didn't do it.

cause there's no will.


All of a sudden everyone is looking at how much money these bastards take down that work for public co's. I've been saying it was a scam for decades.

Fuggem all.

Now a guy like Petterfy at IBKR, he's entitled. It's his $ on the line.

These harvard asswipes running banks and brokers? The only reason they have ANY vested interest at all is the stock they stole from the treasury or bought with stolen money.