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Archive for the 'USA' Tag
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Financial Crisis 101: Why CDS could never work
Many still call or describe CDS (Credit Default Swaps) as a kind of insurance policy against credit risk to limit the risk of the lender. Well that might be so in their dreams or it has been used as a camouflage by the bankers to persuade the investors of the quality – or to mislead them on the lack of it – and suggest that there would be an underlying asset.
And that’s were all the problems start. To issue or construct a CDS there was never a requirement to actually being linked to, i.e. having provided or taken out the credit or having an contractual agreement with these two parties.
Everybody could issue CDS completely unregulated and unlimited. This is of course the reason for the incredible amounts being pushed around and it also provides the reason that – in rare cases CDS might have been an insurance against credit defaults – but in general these papers were only betting slips if certain events might occur most similar to betting on horses or dogs races.
If these instruments would have only been allowed to use for …
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Humor: John Cleese on Sarah Palin
British comedian and former Monty Python star shares his thoughts about vice presidential nominee, Sarah Palin…
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Video: 30-Second Sarah
Sarah Palin’s debate performance, reduced to its essence.
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Video: Interview – Naomi Wolf – Give Me Liberty
A must see 27 minute interview with Naomi Wolf – with the seemingly relaxing of rule for deploying military troops in the U.S. and other western countries (we just heard the same about Germany today) against their own citizens, we soon will all be terrorist (if not warranted otherwise) and she is warning that martial law is just around the corner.
She is also mentioning that members of congress have been threatened with Martial law if they would not pass the so-called “Bailout” plan.
Also mentioned is the change of oath of the U.S. armed forces that…
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Statistics: US Elections and IQs
Just before tonight’s so-called Vice-Presidential candidates TV debate a chart we found a while ago that relates average IQs by U.S. states and their voting in the 2004 U.S. Presidential Elections.
Well you might say don’t trust statistics you haven’t faked yourself, but then go on and…
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Animation: The Hidden Cost of War
A great infographics animation providing a break-down of the real cost of the Iraq war to the U.S. Economy and society.
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