Comments on: Rout Continues in Asia http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia.html Mon, 23 Nov 2009 05:40:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia.html#comment-20533 Anonymous Fri, 10 Oct 2008 09:15:00 +0000 http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia/#comment-20533 Their mistake is they bought unregulated 'insurance' against non existing 'contingent losses'. It's pure betting. It's like you win a bet and the person refused to pay you, too bad... I think taking away the CDS casino will go a long way to restoring the financial system quickly for the real economy. <br/>Can we nullify all CDS claims and have the seller repay whatever premiums that had been made? Wouldn't this clear up a lot of uncertainty hanging over the market in one stroke? Their mistake is they bought unregulated ‘insurance’ against non existing ‘contingent losses’. It’s pure betting. It’s like you win a bet and the person refused to pay you, too bad… I think taking away the CDS casino will go a long way to restoring the financial system quickly for the real economy.
Can we nullify all CDS claims and have the seller repay whatever premiums that had been made? Wouldn’t this clear up a lot of uncertainty hanging over the market in one stroke?

]]> By: ny dude http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia.html#comment-20523 ny dude Fri, 10 Oct 2008 07:54:00 +0000 http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia/#comment-20523 how on earth are you going to shut the derivatives? take a history book and read how they tried that after the tulip mania, how england tried it after the South Sea bubble... and the results. Also if you invalidate the CDS market, then someone who made the correct market move will lose and go bust. Why should the institutions that made the correct market moves go bust before the ones that made a mistake? how on earth are you going to shut the derivatives? take a history book and read how they tried that after the tulip mania, how england tried it after the South Sea bubble… and the results. Also if you invalidate the CDS market, then someone who made the correct market move will lose and go bust. Why should the institutions that made the correct market moves go bust before the ones that made a mistake?

]]> By: Richard Kline http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia.html#comment-20478 Richard Kline Fri, 10 Oct 2008 04:06:00 +0000 http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia/#comment-20478 "Mother of Mercy, can this be the end of TICo?" “Mother of Mercy, can this be the end of TICo?”

]]> By: doc holiday http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia.html#comment-20467 doc holiday Fri, 10 Oct 2008 03:34:00 +0000 http://www.nakedcapitalism.com/2008/10/rout-continues-in-asia/#comment-20467 Yves,<br/><br/>I called my Congressman and pleaded for them to shut down the derivatives market, but what more can a person do at this point but watch? Thanks for your great place here!<br/><br/>I think we will see capitalism morph into something new before XMAS. Yves,

I called my Congressman and pleaded for them to shut down the derivatives market, but what more can a person do at this point but watch? Thanks for your great place here!

I think we will see capitalism morph into something new before XMAS.

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