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General Discussion on ACA
Is this a buy or a sell? ReplyGoode
My 2008 Predictions for Financial Catastrophe [view article]
Please note that I do not necessarily think the above will happen. I view it more as a possible, worst case scenario. ReplyMy 2008 Predictions for Financial Catastrophe [view article]
you have a very interesting forecast!My forecast:
Bond insurers will be nationalized and the credit system restored with lots of stricter regulations.
Lots of smart people with huge money in real etate and banks
will set up corporations to hold foreclosers for slow release.
Luckily there are plenty of people smarter than me who will
find good/bad solutions to this mess until greed gets them again.
The economy will weaken and markets will suffer greatly but
will survive with the poor continuing to be poor and the rich etc blah
blah blah. Reply
My 2008 Predictions for Financial Catastrophe [view article]
We won't see anything this dramatic happen. Markets would be halted and heads of industry/government would meet behind closed doors to work things out. Interesting read though. Replyrver
My 2008 Predictions for Financial Catastrophe [view article]
Insurance only works when insured losses are small and not concentrated. Neither of the above apply to today's credit derivative swaps situation. Swap owners, your paper is in peril as the counterparties shed their responsibilities in bankruptcy. ReplyThe Wind
My 2008 Predictions for Financial Catastrophe [view article]
IF Hillary and Billary win, I believe these predictions will come true. ReplyMy 2008 Predictions for Financial Catastrophe [view article]
I will vote for an as yet unnamed Libertarian or independent candidate before I vote for Hilary. The writer is correct, she has very high negatives. I hope Michael Bloomberg runs and spends some of his millions trying to educate the public about the financial problems facing the US government and state/local governments as well. ReplyMy 2008 Predictions for Financial Catastrophe [view article]
"What makes you think you have the right to spew nonsense and waste our time?"He has a right to spew any nonsense he wishes. He does not have a right to waste your time. Any wasting of time you eagerly assumed, as a privilege.
As far as the predictions go, barring regulatory/federal bailout, bond and mortgage insurers can not survive, and, if they fail, they will drag many big players in the banking industry right along with them. So, should the federal government bail out these ill-functioning behemoths with our pocketbooks when the vast majority of the losses to be incurred with their failures will be borne by those who currently own the vast majority of these companies and their assorted derivatives, the super wealthy? Sure, many little guys will also get tossed in the melee, but, by and large, it's big capital the federal government and its owners, Wall Street, really only care about. So, what's to be done?
Again, barring massive federal/regulatory intervention, the bond and mortgage insurance industry as we know it, along with the mega-banks whose portfolios they insure, will cease to be, to be replaced, naturally in the evolutionary process, with something that, for the time being then, will work better. During the shakeout, the vast majority of "Joe and Jane Blows" will largely not feel a thing. They will have continued to trudge on through their daily struggles of making it, or not, from paycheck to increasingly uncertain paycheck (regardless of whether corporate coffers are flowing with billions or hemorrhaging them).
So, again, what’s to be done?
It looks increasingly like the rich (no, not you, who own a few thousand shares of x and y securities, and, only in your unbridled egotism, consider yourself rich; the super-rich, whose exclusive world you can’t begin to imagine) will, once again, “take care of its own” with our hard-earned dollars.
Reply
My 2008 Predictions for Financial Catastrophe [view article]
You said first that Predictions are not your forte. You should have then shut up. Your article is baseless and unresearched. What makes you think you have the right to spew nonsense and waste our time? ReplyMy 2008 Predictions for Financial Catastrophe [view article]
Except November prediction, I hardly can refute all above... ReplyMontague
My 2008 Predictions for Financial Catastrophe [view article]
I'm stocking up on popcorn and couches. ReplyMy 2008 Predictions for Financial Catastrophe [view article]
Catastrophe??? I think you meant Armageddon.... Reply