Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"Goldman Sachs Group Inc. (http://bit.ly/qLHYPs) designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest"
Wow! A professional trading firm admitted it doesn't understand how a synthetic security works?
Or was that written by some idiot who works for a Senate panel?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"Are you actually comparing your option trade to Goldman (and others) selling a synthetic mbs to one of it's clients?"
Aren't they similiar? Neither security exists until it is sold. After the sale, the seller has the other side of the market than the buyer.. If you don't understand that, I can't help you.
"I think if they were found guilty of PURPOSELY misleading investors, they should face jail time"
Absolutely. And if you think the fact that they had the opposite side of the market than the buyer is somehow misleading the buyer, I can't help you.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"I think bankers who made awful loans, packaged them, got them rated as triple A, had them sold to pension funds...and then shorted them...should probably face some consequenses"
Did you think Goldman made awful loans? Did you think Goldman packaged them? Did you think Goldman then shorted these MBS?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"I think bankers who made awful loans, packaged them, got them rated as triple A, had them sold to pension funds...and then shorted them...should probably face some consequenses"
Look at you, confusing regular old MBS with the synthetic variety. How sweet. Maybe after a good night sleep you'll be less confused? Maybe then you can explain how these packaged MBS can be shorted? And why the shorting firm should face some consequences? LOL! Take your time. Let me know if I can help.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Why would you create a synthetic MBS if not to sell it?
If you create a synthetic security and don't sell it, does it really exist?
"Not disclosing to said clients that they were ACTIVELY establishing a short positon on the same security they were selling to their clients.."
LOL! If you create a synthetic security and sell it, you of course are short the security. If you understood that, you'd sound less ignorant of the situation.
The 'Crash JPMorgan' Campaign [View article]
How did they socialize their losses?
The only firms I can think of that did that were Fannie, Freddie, GM and Chrysler.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Wow! A professional trading firm admitted it doesn't understand how a synthetic security works?
Or was that written by some idiot who works for a Senate panel?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Professional trader A enters into a position with professional trader B.
One trader makes money, the other loses.
Why would I feel sympathy for either side of the trade?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Aren't they similiar? Neither security exists until it is sold.
After the sale, the seller has the other side of the market than the buyer..
If you don't understand that, I can't help you.
"I think if they were found guilty of PURPOSELY misleading investors, they should face jail time"
Absolutely. And if you think the fact that they had the opposite side of the market than the buyer is somehow misleading the buyer, I can't help you.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Let me know what consequences Goldman should face for creating a synthetic security that a sophisticated investor freely bought.
Take your time, maybe read up before you answer.
Or you can avoid the question, again.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Awww, Frank doesn't understand the word synthetic. How cute.
How about derivative?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Did you think Goldman made awful loans?
Did you think Goldman packaged them?
Did you think Goldman then shorted these MBS?
Did they really? Or were you lying about Goldman?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Should I disclose to the counterparty that I was creating a position opposite to their own? They're now long the market while I am short.
What consequence should I face?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Get well soon.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Look at you, confusing regular old MBS with the synthetic variety.
How sweet.
Maybe after a good night sleep you'll be less confused?
Maybe then you can explain how these packaged MBS can be shorted? And why the shorting firm should face some consequences? LOL!
Take your time. Let me know if I can help.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
If you create a synthetic security and don't sell it, does it really exist?
"Not disclosing to said clients that they were ACTIVELY establishing a short positon on the same security they were selling to their clients.."
LOL! If you create a synthetic security and sell it, you of course are short the security. If you understood that, you'd sound less ignorant of the situation.
So why should Goldman "face some consequenses"?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Of course creating a synthetic MBS and selling it gives you the equivalent of a short position, without actually being short an MBS.
So why should Goldman "face some consequenses"?
Let me know if there is anything else you're confused about.
Glad to help.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
So why should Goldman "face some consequenses"?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Just wondered why you were whining about it.
So why should Goldman "face some consequenses"?
Spell it out, if you can.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Wow, that was awful. LOL!