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User Info Excellent interview with Chris Walen in forum [Credit]
Bozonian
Posts: 19889
Incept: 2007-09-01
Green
Saratoga Springs, New York
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He has a lot of insight into why the government and banks are behaving the way it is that we haven't explored on Ticker Forum.

http://kingworldnews.com/kingworldnews/B....

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Forget about blaming, fighting with, or crediting other people. The only real challenge in life, is with yourself. -- Me

Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.
Eaglewwit
Posts: 6054
Incept: 2007-11-30
Green
SoCal
Banned
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Got a summary for us?
Steelpiston71
Posts: 4862
Incept: 2007-09-05
Green
Michigan
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Over the Counter Derivatives are bad bc there is no regulated market for them...

Euro countries overspent, lied, europe is not unified as states.

Banks need to absorb a 1/2 T in CDO losses yet.

FHLB issues.


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"We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC.
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