Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘derivatives’

Banks encourage “short” sales to invigorate economy, public not enthused

Posted by Warm Southern Breeze on Wednesday, May 18, 2011

Our nation’s economy has for years rested upon manufacturing, which has been the “backbone” of any industrialized nation. (Note the phrase “industrialized nation.”) Now that industry has been “out-sourced” to China, India, and other nations with emerging economies, not only has America become dependent upon other nations (not independent), but our national security and standard of living has been compromised.

Thus, banks, insurance companies and stock brokerage houses – who have again been allowed to enjoy their incestuous fiscal orgies because the Glass-Stegall Act was repealed – are forced to invent artificial commercial paper (derivatives, etc., which no one can thoroughly explain) to increase profits. In conjunction with the computer-driven algorithms of auto-traders and futures markets, the risks Wall Street and banks make (upon the backs of the people) are increasingly becoming a veritable “house of cards” built upon shifting sands.

The uncertainty of our economic future is even more precarious, and is no more clearly demonstrated than in this instance, when banks can’t sell houses they own, even after taking significant reductions (losses), and providing incentives for private buyers.

After reading the following news story, consider the implications for our economy. Read the rest of this entry »

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Feds OK Big Business Tax Exemptions; No Regulations Allowed

Posted by Warm Southern Breeze on Wednesday, April 13, 2011

Note: In a later paragraph, the article’s author used the declarative and active voice, rather than the passive voice in reporting what the lobbyists claim. Thus, it made the clause seem as if the assertion WILL BE true, rather than reporting the concern as an opinion of those expressing the idea.

Companies using derivatives as hedge get exemption

By MARCY GORDON
The Associated Press, April 12, 2011, 4:00PM ET

WASHINGTON – Companies that trade derivatives solely to guard against volatile price swings won’t have to meet new federal collateral requirements.

The Commodity Futures Trading Commission advanced the exemption Tuesday as part of new regulations for derivatives, investments whose value depends on the future price of some other investment.

The rules, which were included in last year’s financial regulatory law, require banks and businesses that trade derivatives to Read the rest of this entry »

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Credit Default Swaps: Why should they be outlawed?

Posted by Warm Southern Breeze on Saturday, March 6, 2010

Credit-default swaps – where you insure your neighbor’s house just to destroy it and make money from it – that’s exactly what we have to curb.”

How dangerous is it for money traders to take bets on, and therefore exploit, a nation’s budget deficit or any other fiscal crisis?

Regarding the quote, if you guessed that Harry Reid, President Obama, Janet Reno, George W. Bush, …Continue…

Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Two Numbers – ONE BIG, one small

Posted by Warm Southern Breeze on Thursday, December 17, 2009

$9,100,000,000,000

Nine TRILLION, one hundred BILLION…

Remember another number.

Two.

During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.

What two failed policies are those?

The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.

The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.

Put another way, that’s a cost of $29, 529 per person.

As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.

Driven by greed and an insatiable lust for more, …Continue…

Posted in - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

 
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