My humble opinion and two-cents on George Soros (I beleive that his last name may be pronounced Sore *** or Sorry ***.)
It’s good to know where Sorry *** stands on CDS. He recently was quoted as saying something to the effect that the world-wide financial crisis means that people must and will have less freedom, as they (the simple-minded peasants in his opinion) must follow the dictates of the more enlightened leaders of the world, such as Soros.
This clown began to oppose the two Bush presidents, after US monetary policy during the first Bush’s presidency caused him to lose around a billion dollars when he bet on a strong dollar visa via the GBP sterling or vica versa.
He’s a dangerous clown. Remember all of those scary movies with scary clowns? This guy could be the star of all such movies without having to act or use clown make up.
Watch out; keep an eye on this future Lenin/Stalin/Hitler/Mao/Ho Chi Min/Pol Pot. He’s a power-hungry freak.
We need people like George Soros now more than ever to take a leading role in speaking out on the economy. If people had paid attention to him a few years ago, instead of beleiving the lies of the bush adminsitration, and the falsified 401K statements they were receiving, perhaps we would not be in this mess today.
Soros is a greedy fiend who was responsible for the crash in the pacific rim countires and for nearly breaking the Bank of England during his currency speculating during the 1990’s. He is the embodiment of the kind of investing he is now decrying. His hypocrisy knows no bounds.
George Soros is interested in condemning credit swaps now only after he has cashed out with his biggest profit year in 2008, largely predicated on credit swaps, at the expense of the general public. Now that he has made his killing he is therefore now in favor of outlawing credit swaps. The Soros philospohy is feed me and screw the rest of the world. That is why he funds left wing totalitarian fascist policies through groups such as Move on. He is a hypocritical piece of scum who preys on the ignorance of left wing sycophants in our society and doesn’t deserve the time of day.
George Sorry ***, Ted (bad head) Kennedy, Barney Frank, and the tax/spend and over-regulate policies of the left probably have done more to harm your 401K than anything or anyone else. George Sorry *** is an honorary, charter member of the Phony, Blowhard Politicians Association. However, your mindlessness won’t go unrewarded by the International Committee For Totalitarianism.
Accordinly, your applications have been accepted for membership in the Fascist Black Shirts, Young Communist Pioneers, Hitler Youth, Maoist Red Guards, and the Jim Jones Revival Church of Kool-Aid-Drinking Fools.
The Committee truly appreciates your mindless dedication to following any totalitarian yahoo with various wacko theories for taking over the world. Of course, it’s the Committee’s opinion that, in any world populated by too many of the likes of you, any wacko has a chance to be the Omnipotent, Omniscient Master of the Universe, at least in the minds of his/her mindless followers.
The Committee appreciates your support. Please continue to contribute your mindless dribble to any topic upon which you’re eminently unqualified to render any type of informed, logical, or coherent opinion. We enjoy the laughs generated by your blather.
Gulp, gulp, slurp, slurp; drink that kool aid, sweetie.
Good point, M Wade. Keep in mind that the total value of all CDs worldwide exceeds the total asset value of the world.
So, ‘insurable interest’ definitely is something being considered by various commercial enterprises, and, of course, the ever-incompetent regulators. The latter being a reason for the market to sort out this problem and the insurable interest issue is a good start.
Aside from the mind numbing BS reactionary posts associated with this article, M Wade has a good point. The insurable interest is a key missing ingredient that should have been part of CDS in the first place. Had it been part of the equation, this would have been considered ‘insurance’ which would have been subject to state regulation. Say what you want about state regulation, the insurance industry is in a much better place because of state DOIs.
Dianello (soon-to-be former Ins. Commissioner of NY) at first proposed state ins. dept. regulation of CDS, but then later withdrew from this position. He withdrew from such a position, because of the uniqueness of CDS as part insurance, part finanical product, part surety, part guarantee, and etc. The product bleeds into too many areas of insurance and finance. Yet, it’s a necessary product for facilitating and expediting various deals between and among contracting parties.
The better part of valor is discretion and most assuredly, this appears to be an apt description of Dianello’s about-face.
As for you other comment, everthing in everyday life is impacted by politics and economics is no exception.
There is a saying that goes “Don’t listen to the messenger, listen to the message”. Clearly the CDS market in it’s current state is too volatile and has too much severity potential. It’s existence is relatively new and if it is going to continue to be prevalent it needs to be placed in a regulated frame work. I don’t know what happened but in the last 20 years everyone has gotten so extreme in their perspectives of others. The ends are closer than the means.
My humble opinion and two-cents on George Soros (I beleive that his last name may be pronounced Sore *** or Sorry ***.)
It’s good to know where Sorry *** stands on CDS. He recently was quoted as saying something to the effect that the world-wide financial crisis means that people must and will have less freedom, as they (the simple-minded peasants in his opinion) must follow the dictates of the more enlightened leaders of the world, such as Soros.
This clown began to oppose the two Bush presidents, after US monetary policy during the first Bush’s presidency caused him to lose around a billion dollars when he bet on a strong dollar visa via the GBP sterling or vica versa.
He’s a dangerous clown. Remember all of those scary movies with scary clowns? This guy could be the star of all such movies without having to act or use clown make up.
Watch out; keep an eye on this future Lenin/Stalin/Hitler/Mao/Ho Chi Min/Pol Pot. He’s a power-hungry freak.
We need people like George Soros now more than ever to take a leading role in speaking out on the economy. If people had paid attention to him a few years ago, instead of beleiving the lies of the bush adminsitration, and the falsified 401K statements they were receiving, perhaps we would not be in this mess today.
Soros is a greedy fiend who was responsible for the crash in the pacific rim countires and for nearly breaking the Bank of England during his currency speculating during the 1990’s. He is the embodiment of the kind of investing he is now decrying. His hypocrisy knows no bounds.
George Soros is interested in condemning credit swaps now only after he has cashed out with his biggest profit year in 2008, largely predicated on credit swaps, at the expense of the general public. Now that he has made his killing he is therefore now in favor of outlawing credit swaps. The Soros philospohy is feed me and screw the rest of the world. That is why he funds left wing totalitarian fascist policies through groups such as Move on. He is a hypocritical piece of scum who preys on the ignorance of left wing sycophants in our society and doesn’t deserve the time of day.
Dear Estelle Loggins:
George Sorry ***, Ted (bad head) Kennedy, Barney Frank, and the tax/spend and over-regulate policies of the left probably have done more to harm your 401K than anything or anyone else. George Sorry *** is an honorary, charter member of the Phony, Blowhard Politicians Association. However, your mindlessness won’t go unrewarded by the International Committee For Totalitarianism.
Accordinly, your applications have been accepted for membership in the Fascist Black Shirts, Young Communist Pioneers, Hitler Youth, Maoist Red Guards, and the Jim Jones Revival Church of Kool-Aid-Drinking Fools.
The Committee truly appreciates your mindless dedication to following any totalitarian yahoo with various wacko theories for taking over the world. Of course, it’s the Committee’s opinion that, in any world populated by too many of the likes of you, any wacko has a chance to be the Omnipotent, Omniscient Master of the Universe, at least in the minds of his/her mindless followers.
The Committee appreciates your support. Please continue to contribute your mindless dribble to any topic upon which you’re eminently unqualified to render any type of informed, logical, or coherent opinion. We enjoy the laughs generated by your blather.
Gulp, gulp, slurp, slurp; drink that kool aid, sweetie.
what if “insurable interest” is required in order to buy CDS on a company- Then CDS would be more like life insurance or actual bond insurance.
Good point, M Wade. Keep in mind that the total value of all CDs worldwide exceeds the total asset value of the world.
So, ‘insurable interest’ definitely is something being considered by various commercial enterprises, and, of course, the ever-incompetent regulators. The latter being a reason for the market to sort out this problem and the insurable interest issue is a good start.
Aside from the mind numbing BS reactionary posts associated with this article, M Wade has a good point. The insurable interest is a key missing ingredient that should have been part of CDS in the first place. Had it been part of the equation, this would have been considered ‘insurance’ which would have been subject to state regulation. Say what you want about state regulation, the insurance industry is in a much better place because of state DOIs.
David,
Dianello (soon-to-be former Ins. Commissioner of NY) at first proposed state ins. dept. regulation of CDS, but then later withdrew from this position. He withdrew from such a position, because of the uniqueness of CDS as part insurance, part finanical product, part surety, part guarantee, and etc. The product bleeds into too many areas of insurance and finance. Yet, it’s a necessary product for facilitating and expediting various deals between and among contracting parties.
The better part of valor is discretion and most assuredly, this appears to be an apt description of Dianello’s about-face.
As for you other comment, everthing in everyday life is impacted by politics and economics is no exception.
There is a saying that goes “Don’t listen to the messenger, listen to the message”. Clearly the CDS market in it’s current state is too volatile and has too much severity potential. It’s existence is relatively new and if it is going to continue to be prevalent it needs to be placed in a regulated frame work. I don’t know what happened but in the last 20 years everyone has gotten so extreme in their perspectives of others. The ends are closer than the means.
Jim Jones and his cult didn’t use Kool-Aid. They drank Flavor-Aid (aka Flavr-aid & Flav-R-Aid).
GET IT RIGHT.
Your smart-alec comment for the day :P
Dear Caffiend:
The 2nd smart-alecky comment of the day is that the last syllable of your name seems to fit you quite well.