http://dissidentvoice.org/2008/09/irrational-exuberance-goes-global/ a radical newsletter in the struggle for peace and social justice Mon, 23 Nov 2009 01:40:38 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://dissidentvoice.org/2008/09/irrational-exuberance-goes-global/#comment-58459 Peter L. Griffiths Wed, 04 Nov 2009 17:44:24 +0000 http://www.dissidentvoice.org/?p=3257#comment-58459 Further to my comments of 3 October 2009, the collapse in September 2008 of AIG, Lehman Brothers and Merrill Lynch occurred because they all lost Credit Default Swap bets on the conservatorship of Fannie Mae and Freddie Mac who had been encouraged into entering such agreements by the US Treasury who wanted assurance that Government loans would be repaid. Further to my comments of 3 October 2009, the collapse in September 2008 of AIG, Lehman Brothers and Merrill Lynch occurred because they all lost Credit Default Swap bets on the conservatorship of Fannie Mae and Freddie Mac who had been encouraged into entering such agreements by the US Treasury who wanted assurance that Government loans would be repaid.

]]> http://dissidentvoice.org/2008/09/irrational-exuberance-goes-global/#comment-56244 Peter L. Griffiths Sat, 03 Oct 2009 13:22:53 +0000 http://www.dissidentvoice.org/?p=3257#comment-56244 Credit Default Swaps can be highly complicated instruments. Nevertheless there are three simple properties of every Credit Default agreement, the identity of the losers, the identity of the winners, and the credit event. Disclosure of these three properties should be a legal requirement. Credit Default Swaps can be highly complicated instruments. Nevertheless there are three simple properties of every Credit Default agreement, the identity of the losers, the identity of the winners, and the credit event. Disclosure of these three properties should be a legal requirement.

]]> http://dissidentvoice.org/2008/09/irrational-exuberance-goes-global/#comment-29504 Dissident Voice : History Repeats as the Off-Balance Sheet Money Supply Explodes, Then Contracts Thu, 09 Oct 2008 00:43:10 +0000 http://www.dissidentvoice.org/?p=3257#comment-29504 [...] Part 1, Part 2, and Part 3. Derivatives Are the New Ticking Time Bomb, Paul B. Farrell. [↩]Testimony [...] [...] Part 1, Part 2, and Part 3. Derivatives Are the New Ticking Time Bomb, Paul B. Farrell. [↩]Testimony [...]

]]> http://dissidentvoice.org/2008/09/irrational-exuberance-goes-global/#comment-29195 Dissident Voice : A Faustian Bargain Fri, 03 Oct 2008 01:47:38 +0000 http://www.dissidentvoice.org/?p=3257#comment-29195 [...] Part 1. “Deciphering the 2007-08 Liquidity and Credit Crunch”, Markus K. Brunnermeier, Princeton [...] [...] Part 1. “Deciphering the 2007-08 Liquidity and Credit Crunch”, Markus K. Brunnermeier, Princeton [...]

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