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XMFSinchiruna (28.58)

Please Vote in the Foolish Final Four :)

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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 (28.58) 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. :)

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#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

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#3) On April 02, 2009 at 11:51 AM, XMFSinchiruna (28.58) 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!

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#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.

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#5) On April 02, 2009 at 3:32 PM, XMFSinchiruna (28.58) wrote:

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

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

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#6) On April 02, 2009 at 11:20 PM, FleaBagger (33.44) 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.

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