Real Crash - by Howard

We can avoid nuclear war by putting the financial system into bankruptcy reorganization.Need Glass-Steagall Act, water projects, space program. Need a change to production, the real American System.

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Freak out at German Finance on Hedge Funds

Lights on at Times Square, but is anyone home

The lights are on at Times Square, but is anyone home? I doubt it. Luckily, not everyone is on drugs. Daily Telegraph on Oct. 18th supported James Baker's second option, on getting on of big I....
Meanwhile, the lights are on in the kitchen with the hedge fund cockaroaches, and they're beginning to scurry.

There is a big freak out in the German Finance ministry about the Amaranth hedge fund collapse. They're not as indoctrinated in the Anglo-American system you know, which is really the British Imperial system of financial speculation. In fact, the cads have the nerve to call for financial "transparency" of the hedge funds. Of course this is not going to hit in until next year, when Germany will be chairing the G-8, and by itself, it would be too late to do any good, but I really do appreciate the thought.
Peter Steinbrueck, according to the Fin Times, "the minister said the Amnaranth debacle, follwing the collapse of another fund, Long-Term Capital Management, in 1998, had again highlighted the risks....." But, it is actually amazing that even a German finance minister would publicly admit that he remembers as far back as the LTCM collapse in 1998. Oh, yes, those were the days, when Pres. Clinton even made his speech about a new financial architecture at, of all places, the NY Council on Foreign Relations". Then by coincidence, Monica's blue dress showed up, and that was the end of that...

There's a lot of naysaying about the hedge funds, but they are still scared sssssless to talk about re-regulation, or just shutting the whole casino down. No wonder some would prefer a splendid little nuclear war someplace!!
And the NY Times piece on the 16th was a bit of an eye opener. Imagine, hedge funds doing double dipping by using the "insider trading" information they get from being involved in leveraged buy-outs and other deals, to then cheat on the stock market.
Niow, have you figured out why more and more people are talking about Pres. Franklin Roosevelt, and a New Bretton Woods?

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