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EU Now Investigating Use Of CDOs And Other Derivatives
Well, that spares some wholesale problems for individual countries to pursue action against Goldman. The EU's Rehn, who earlier catalyzed the upmove in the market by saying what the EU has been saying for week, i.e., that Europe can provide aid to Greece if Greece requests it (no seriously, the same headline repeated 1,000,000 times will push the market green every single time). But his latest is that the "EU is investigating use of CDO's and other derivatives." We are confident that all cash strapped countries, which are so because they ended up blowing money by bailing out their banks who gorged on CDOs (yes, if you are a European country, the sucker on the table is you), will suddenly find more reasons to go after Goldman. If nothing else, it will make Tuesday's congressional hearing a more watched event than the superbowl. To that end, we have inquired about a 30 second advertising spot with C-SPAN.
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Funny one. One way of never running out of work is to create one's own activity.
Seems to me that a significant segment of the western world population excells at this.
EU cant examine CDSs use as they grew more powerful thanks to them.
Just like the FED being a vital instrument in the US world hegemony makes any investigation of it nothing but a show (still a show hiring its artists, writers, camera crews, roadies...)
Goldman's C-SPANking should be a PPV event... Bringing in a few bucks to the Treasury in a way that does not involve my paycheck would make this whole circus a bit more palatable.
that Europe can provide aid to Greece if Greece requests it (no seriously, the same headline repeated 1,000,000 times will push the market green every single time).
LMAO! "It's funny 'cause its true..." - Homer Simpson
Europe can provide aid to Greece? No wonder stocks are off their lows for the day. This information should ease "Greece worries".
I'm no genius, but isn't that like thinking about putting a latch on the barn door long after the horses are gone?
accurate description of todays action. so long reversal pattern.
because buying the toxic shit americans sold us is as much our problem as theirs in the eyes of China who want strong dollar anyways
Iam sure that nice congresswoman who was on the Layman show will once again ask the really sharp question " did you short stocks?". To which the correct response ( as per Fuld) is " you mean personally?"
Hahahahahahahahah. Yes these nice folk will really get to the bottom of it all no doubt.
Of course there is always a possibility one of the members lays out a devestatingly detailed accusation.
In this event the correct response universally accepted in America is " Congressman that is your opinion and I respectfully disagree"
By then the alloted 1 minute 34 seconds allocated to the questioner would have expired and things will move on to other inanities.
Great theater. A battle of wits with the unarmed.
Inconceivable!! http://www.youtube.com/watch?v=3EkBuKQEkio
"To that end, we have inquired about a 30 second advertising spot with C-SPAN."
LMAO!