A group of people now own USA

last SG · 2009-03-28T15:27:49+00:00

responding to bear's post. what you described was mortgage securisation into mortgage backed securities. and the leverage is one to one. however, data sug...

Daddy!! SG

what the world needs is a grand assembly of, not politicians, not central banks, but counterparties ie hedge funds, banks and other financial institutions in all these enormous derivatives trades to agree that no one take enormous profit ie net out all the contracts in a socially responsible manner.

angel7030 SG

aiya, daddy, u buy alots of American equities is it??? why u so worry about their money??? me just ordered chay kuay teow, want to share share or not?? spending also not enuf who care about their money

Daddy!! SG

because we are a "dependent" country while USA is "independent". What happens in USA has an significant impact on Singapore and many other export oriented countries. Whether the recession lasts 3, 5 or 10 years will also depend on the consuming country. If the consumers in the consuming country ie USA, are bankrupt, what do you think will happen to those countries which depend on exports to survive?

AndrewPKYap SG

it is so commonly known that you are expected to know.

...another ridiculous statement.....

AndrewPKYap SG

lets take a look at AIG's fiasco recently. the American public was outraged that the bailout money was used by AIG to pay to financial institutions like Goldman Sachs and some European banks. this is exactly what i described. AIG's counter-parties such as Goldman Sachs and some other banks outside America traded against AIG and made profits. AIG lost the trade, could not pay up, so tax payers paid for the loss. The loss was found in AIG Financial Products department which traded hell of derivatives which include CDS.

Take a look at Atobe's chart of American commercial banks' exposure to derivatives, the total exposure is about 3 times the total net worth of Americans' household.

How ridiculous! What counter party to the banks? AIG paid up because AIG insured the banks (sold the banks insurance).

AndrewPKYap SG

lets say US government and US Federal Reserve printed hell of lots of money to top up the loss made by US commercial banks. US banks are kept solvent, safe and sound. But tax payers bankrupt in the process. in the end, US banks will still lose money because they rely on the public ie Americans' deposit base ie money base to make the interest rate spreads and commissions. If tax payers are bankrupt, the banks will still lose money.

what we have now is a Lose, Lose situation if the US government continues its relentless bailouts.

More crap, how does it make individual tax payers, the "tax payers bankrupt in the process"?

Daddy!! SG

sold the banks CDS is akin to selling puts on corporate bonds and mortgages etc. not the usual insurance ie general or life insurance that you might be thinking of !!

AndrewPKYap SG

What stupid crap, if you want to play derivatives, you expect to lose and if you cannot expect to win, play for fark?

AndrewPKYap SG

sold the banks CDS is akin to selling puts on corporate bonds and mortgages etc. not the usual insurance ie general or life insurance that you might be thinking of !!

another stupid crapz......and if people ask you to back up your stupid statement you will say:

"it is so commonly known that you are expected to know."?

OMG!!!!

Daddy!! SG

it is your type of mentality that Obama is appealing to : make sacrifices for the whole.

yes. some hedge fund managers and counter-parties have this mentality: why should i give up my profits for the nation, for the world. all of the rest can go to hell for all i care.

100% capitalist has no morals.

Daddy!! SG

you are again hiding behind rude statements to hide your nearly total ignorance.

AndrewPKYap SG

it is your type of mentality that Obama is appealing to : make sacrifices for the whole.

yes. some hedge fund managers and counter-parties have this mentality: why should i give up my profits for the nation, for the world. all of the rest can go to hell for all i care.

100% capitalist has no morals.

You have totally no idea what caused the problems and you go on a delusional trip imagining hwat caused it and when people ask you to back up your statements you say crapz like "it is so commonly known that you are expected to know."

Worse, you actually propose a "solution" to the imaginary causes!!!???

Daddy!! SG

do you know what is JP Morgan's exposure to credit derivatives?

AndrewPKYap SG

do you know what is JP Morgan's exposure to credit derivatives?

You have something to say, just say it, but make sure it is not some rubbish enamating from your delusional imaginings.

Ice Dive SG

you are again hiding behind rude statements to hide your nearly total ignorance.

I dun think he is ignorant for these things are such common knowledge that anyone who constantly read the papers will know but just unconstructive .....

Ice Dive SG

to nolveltie: At the simplest… Every mother son that has us money owns a piece of USA… And because the US dollar is recognised worldwide, owns a piece of the world. If you have 1 cent you own a very small piece

A lot of people are in net debts actually ... So they are owned by others then ?

AndrewPKYap SG

I dun think he is ignorant for these things are such common knowledge that anyone who constantly read the papers will know but just unconstructive .....

You are just...another delusional idiot that talks big and cannot even produce a shread of evidence to support what you claim is supposedly all over the papers and is "common knowledge that anyone who constantly read the papers will know" .

Ice Dive SG

it is your type of mentality that Obama is appealing to : make sacrifices for the whole.

yes. some hedge fund managers and counter-parties have this mentality: why should i give up my profits for the nation, for the world. all of the rest can go to hell for all i care.

100% capitalist has no morals.

However , I hope that they have other plans which will surface at the later stage that will take the benefits away and change the balance of power from bank, which could be done as long as both the govt ( by regulation ) and the people remenber the greed of the people in this industry.

Hi , there is something different from derivatives contracts and CDS . You got a example ?

AndrewPKYap SG

A lot of people are in net debts actually ... So they are owned by others then ?

Ask me for fark? Am I the one that started this ridiculous topic about a group of people owning the USA?

Ice Dive SG

Ask me for fark? Am I the one that started this ridiculous topic about a group of people owning the USA?

Wah Kao .......You are the person who made the statement in this topic .. I dun ask you .. I ask who ...!!!!!!!!!!!???????

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