Protected: 06-08 Crisis – How the Banks Did It – Record 002b – Banks Bundled Bad Debt, Bet Against It and Won

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Protected: 06-08 Crisis – How the Banks Did It – Record 001a – Wall Street Plays Hardball

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NY Times article on the practice of simultaneously selling bad debts and then betting against it

http://www.nytimes.com/2009/12/24/business/24trading.html?em “The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an [...]

“Tolong jelasin masalah resesi dong”

(Conversation as of 19 October 2008) yyyy(9:43:38 PM): btw tlg jelasin masalah resesi dong yyyy(9:43:43 PM): gw ga ngerti nih hehehe yyyy(9:43:47 PM): lo kan pasti jago Dhirosattha (9:44:40 PM): resesi ekonomi scr umum? ato yg sekarang? yyyy(9:47:25 PM): yg sekarang

Detroit bailout? Wait, what about free competition? And all this talk about free international trade?

November 14, 2008. The US automakers asked the US government to provide them with a $ 25 Billion bailout. Well, the executives said it’s not a bailout, it’s a loan, to allow the US automakers some breathing space to innovate. Hogwash. Sorry Obama, I support you for the US presidency, but if the US automakers [...]

Relation between Vocational & Computer Money and Reps & Dem leadership

So often economy and politics converge. It is political system that makes money, the blood of economy, possible; without a stable system of governing a country, no paper would be able to assume a value beyond its production cost. And it is politician who can make policies that affect the economy through laws, taxes, regulation, [...]

We have been talking about the wrong type of oil inventory

By Sendy Filemon, 25 October 2008 When one think about speculating on commodities, products with physical form, one thinks about hoarding. Popular example in an Asian country would be, rice hoarding, speculators buys rice, hoard it in some warehouse, create supply gap in the market, prices starts increasing, consumer start to perceive the increase in [...]