thowze

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    • Wed Sep 10th 03:22 AM | Rating: 0 0
      Commented on:
      Fannie & Freddie: Just the Tip of the Iceberg
      He has a right to be. The CDS problem has been growing for years unregulated. The true concern when these institutions go under is how will the massive amounts in CDS contracts that they generally don't discuss be handled. The media does not focus on it because it would let the public know just how bad things truly are.

      The Bank of International Settlement has the recent CDS estimate just for the banking industry at 683 trillion globally, and the global GDP for 2007 was not even 10% of that. This is a time bomb just waiting to explode.
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    • Sun Aug 31st 10:41 AM | Rating: 0 0
      Commented on:
      Lehman Follows Good Bank/Bad Bank to Redemption
      So it seems that being weak and alive is preferred over being this side of dead. If institutions go this route, there may be plenty of M/A activity in a good old fashion Wall Street predatory manner.

      Credit derivative contracts may be a problem. Selling them off to these shell companies could invoke lawsuits from those who sought their protection benefits. I can't see anyone getting out of those. Getting them off the balance sheets is one thing, removing the responsibility is another.
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    • Mon May 26th 17:41 PM | Rating: 0 0
      Commented on:
      Silver Followers Are Staying Away In Droves
      Sounds like a media headline designed to mislead the public.
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    • Sun Mar 30th 04:09 AM | Rating: 0 0
      Commented on:
      Looks Like There's a Silver Shortage
      In California, a number of dealers I do business with have told me they are out of silver. One said yesterday he has a shipment coming from the US Mint from New York and has no idea when it will get there. He's been out for 12 days. With shortages coming from different places in the world at the same time, I say buy as the price is going to move up.
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