My 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.
My 2008 Predictions for Financial Catastrophe [View article]
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.
Rogue Traders and Economic Capital [View article]
wait a minute, they don't have a gaming license do they?
I should have invested in casino stocks instead.