Use access key #2 to skip to page content.

XMFSinchiruna (26.96)

Please Vote in the Foolish Final Four :)

Recs

16

April 02, 2009 – Comments (6)

Hi Fools,

Proposing the Glass-Steagall repealers as bearing the most blame for our present financial crisis, I have advanced through the first two rounds of this tournament, beating out Alan Greenspan and my greatest foe... that $1+ quadrillion market of toxic derivatives.

Here in the Final Four, we get into messy territory. Of course there is some serious overlap between Congress and the Glass-Steagall repealers, but I maintain that Glass-Steagall repeal remains a more precise selection that also implicates many other kinds of players.. from lobbyists to Presidents.I know I have logic and evidence on my side, especially for those of you who've read the previous rounds, but I need your help in overcoming the charismatic allure of Darth Vader. :)

Thanks again for your invlvement in previous rounds, for reading the latest article, and for voting your conscience. I look forward to your comments! :)

http://www.fool.com/investing/general/2009/04/02/whos-more-to-blame-congress-or-the-repealers-of-th.aspx

Fool on!

6 Comments – Post Your Own

#1) On April 02, 2009 at 11:23 AM, XMFSinchiruna (26.96) wrote:

In a completely unrelated topic, did you hear the Queen of England gave the President of Mexico a copy of Orwell's "1984" at the G20 summit? What do you think she's trying to say about Mexico's Big Brother to the north??  Hmmm. Anyway, I find that tidbit pretty fascinating. :)

Report this comment
#2) On April 02, 2009 at 11:42 AM, DKMatai (< 20) wrote:

Dear Sir

The research on a Quadrillion dollar worth of global derivatives was carried out by our organisation.  The latest version of that research is titled:

G20 Summit must focus on Derivatives, Off-Balance-Sheet Vehicles

8 Bubbles Quadrillion Play Grows 22% to $206k per person-on-planet

http://www.mi2g.net/cgi/mi2g/press/190309.php

Best wishes



DK Matai
Chairman

mi2g, ATCA, The Philanthropia

Report this comment
#3) On April 02, 2009 at 11:51 AM, XMFSinchiruna (26.96) wrote:

DKMatai

Thank you for providing a rare source on the true extent of the derivatives market. Such citations are indeed hard to find. I look forward to examining your report more fully!

Report this comment
#4) On April 02, 2009 at 12:14 PM, lquadland10 (< 20) wrote:

$206k per person-on-planet   I won't even make that much in my life time.

Report this comment
#5) On April 02, 2009 at 3:32 PM, XMFSinchiruna (26.96) wrote:

we're neck and neck, so please vote.  :P

50% - 50%... I wonder if that speaks to the degree of overlap. :)

Report this comment
#6) On April 02, 2009 at 11:20 PM, FleaBagger (28.14) wrote:

Esteemed Chris -

I'm having a hard time imagining the effects of the potential failure of the derivatives market, and it seems to me like it would be a heavily deflationary event. I have been a solid inflation hawk for a while now, but when you bring up the quadrillion dollars (abbreviated $1Q?) that could start to evaporate, wouldn't that be another weight on precious metals prices?

I'm still an amateur, so if you could give me some guidance, I'd sure appreciate it.

Report this comment

Featured Broker Partners


Advertisement