Moon Kil Woong
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Proposal To The SEC On Money Market Funds [View article]
The Name's TED, Remember Me? [View article]
Just One ETF: Shorting Treasurys as a Change Management Model Flashes Bearish Bond Signals [View article]
Credit Crisis Watch: Some Positive Developments [View article]
Why you might ask. If the US dollar goes to 0 or near that, they get paid off in Euroes and can pay off all their bad losses at the US citizen's expense because their liabilities are now worth hundred of a euro to the dollar. Problem solved for them. Thus your interests are 100% at odds with off balance sheed derivatives mega bank speculators in this regards. The worse they get and the more money they beg off government the closer they get to ressurection either through taxpayer bailouts or destruction of the US dollar. This is one reason these derivatives must be regulated and disclosed. Why don't they write contracts betting on their own bank's collapse. Oops, they probably did already.
That is why nothing is getting better. These people are out of control and too many people know it even though the government keeps letting them hide in very black off balance sheet accounting boxes. My bet is if you only saw what they are doing there it would make a coven of satanists look like angels.
Credit Crisis Watch: Signs of Progress? [View article]
What will we do when 50% of all Federal taxes goes towards debt payments? I fear we will soon find out.