DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System

**leijggeds** · 10-26-2011, 12:16 AM

the sort-of problem is that the derivatives/ insurance policies are "Naked", un-backed.

so they could make ONE SIMPLE CHANGE and they would no longer be un-backed.

stop letting the Hedge Fund Hymies that write these things hide behind their corporation.

If a hedge fund owes $$ to pay for a credit default, if the hedge fund collected premiums to sort-of-insure someone's (now-failed) loan - Let their customers seize the hedge fund managers' & investors assets to make good on their contract with the customer.

PROBLEM SOLVED IMMEDIATELY. customers get the insurance policy they paid for, hedge fund hymie can no longer suck the financial system dry.

that one change - not letting the hedge fund managers hide behind their corporations - would go a long way towards fixing the problem.

why hasn't Obama suggested it ?

10-26-2011, 12:16 AM	#4
leijggeds Join Date Oct 2005 Posts 474 Senior Member	the sort-of problem is that the derivatives/ insurance policies are "Naked", un-backed. so they could make ONE SIMPLE CHANGE and they would no longer be un-backed. stop letting the Hedge Fund Hymies that write these things hide behind their corporation. If a hedge fund owes $$ to pay for a credit default, if the hedge fund collected premiums to sort-of-insure someone's (now-failed) loan - Let their customers seize the hedge fund managers' & investors assets to make good on their contract with the customer. PROBLEM SOLVED IMMEDIATELY. customers get the insurance policy they paid for, hedge fund hymie can no longer suck the financial system dry. that one change - not letting the hedge fund managers hide behind their corporations - would go a long way towards fixing the problem. why hasn't Obama suggested it ?
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