HowardDollars and Offshore Hedge Fund Games
Politicking on the East Side of NY
With the attempted hostile takover of Delta by US Airways, we really have a spectacle of the corpses taking over the corpses. It is not exactly appetizing. Obviously there is more to this than there seems to be.. The idea of this game to is use hedge funds to buy or invest in companies, then use the companies as front men to take over other companies. So the derivative heroes so-called banks, Morgan-Chase, Citibank, and Bank of America invest their money offshore in hedge funds that run all these games. It's a little insane.
Meanwhile John C. Dugan's (Office of Comptroller of the Currency) warnings on derivatives are well taken if a little late. He points out (see Comptroller of the Currency News Release 11/10/06) " derivatives credit exposure remains a real and significant risk". He pointed out that five major U.S. banks are exposed for 97% of the $119 trillion of derivative exposure. That's you know who...
The hedge fund horror show is reaching a point of no return. More and more money has to be printed just to direct enough money into rolling over the debt. Outsourcing is a disaster. If China were industrializing for its own development fine, but by moving , outsourcing production to China, Vietnam, Mexico,etc, and shutting it down in the advanced sector, you my friends, are destroying the world, or at least the world economy, the means of production. Why? Because you are deliberately creating a work force with lower infrastructure, lower education, less health care, and catastrophes happen. Ever heard of AIDS, and chicken and bird flu? How about some other juicy diseases? But the worst disease is the financial oligarchy itself.
