I have, several times as this nonsense progressed since it first surfaced. Well, here's to hoping that the house and senate leadership that...
That being the case, what's the odds that any plan that goes up for a vote doesn't die right then and there? What congress-critter in their...
None of them would be on the hook if the policy makers had never created the legislation that allowed Wall Street to create the derivatives that...
But, Paulson has been talking about mortgage-related assets; derivatives. All it takes is 5% of the mortgages to go into default to kill an...
How does the FDIC blow up when it is "backed by the full faith and credit of the US government?" Not that I want them to print any more of it,...
From another thread: http://www.nytimes.com/2008/09/27/b...ml?ref=business "The huge total reflects the way the market is structured, as...
Thanks for the link. I heard the same figure before too, but not the 50:1 gearing to an underlying $1.1T debt. The government should be...
Agree, they have a lot of de-leveraging ahead of them. It also remains to be seen how hard they get hit with loss of their most talented staff...
That's the crux of the entire problem. It'd be interesting, once you take into account all the CMOs, CDOs, MBSs and the CDSs that were written...
It's puzzling why everyone's so filled with urgency over this situation when there isn't even a consensus of the breadth or depth of this problem....
Then again, it could have been a loser for just about ever and just started working recently. Here's the last backtest I did yesterday over the...
Anyone who dipped their toes in the unregulated CDS market was neither sound nor risk-adverse. They were friggin' idiots.
Argh!
The dates of the backtest are included in the attachment I posted. It was a one year test of one minute data with trades active from 6am to 6pm...
Not very if you're using a single FX broker. One of BGH's key points is to spread this over several brokers and probably over several currencies...
BGH, Apologies, slapped that together all too quickly from a pre-existing system of mine and to put it simply, I screwed up... I tend to...
Here's the equity curve for your system over the past year of trading: Trade size: 1 Commisson: $2.50/trade ($5.00 RT)
If only it were that straightforward. Have you ever heard of a "toxic" mortgage when the paper is directly attached to the property it was...
While you're technically correct the plain fact of the matter is that the government is buying shit and it's not even in a pie crust. There's...
Senator McCain, If you are truly committed to reform then you must bring this bailout nonsense to a stop. Throwing money at this problem is...
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