WIN WIN WIN: Senate passes Financial Reform Bill

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Oh, you mean like the SEC regulators that surf porn all day? Those regulators?

Fuck them, and fuck you too.
 
Yes they do They only don't mean anything to you because you don't understand the entire situation.

Come back to me when you know what a CDS and a CDO are, who sold them and who bought them, what a bond is, who made money and who lost money.
 
A friend of mine that works for Vanguard said they've all been waiting for it to pass cause they are all gonna make money once it does.
 
You have no idea what you are talking about, clearly.

CDS - I'm sure refers to Credit-Default Swap, essentially an insurance policy purchased by an investor from an insurance company (mainly AIG) to secure revenues from a CDO

Banks do not Cover CDS as they are an insurance product, not a banking product.

CDO = Collateralized Debt Obligation. An asset backed security also does not need to be backed by banks, as it is an investment sold to investors. Essentially a bundle of Mortgages sliced into risk categories and sold for different amounts offering revenue streams at varying levels of risk. The Sale of CDO's recapitalize banks allowing them to make more loans. It is the holdings of these investments that carries the risk, the holding of Mortgages themselves carry the same risk. So, Banks reduce their risk by selling CDO's or MBS', whatever you'd prefer to call them, and the investors who adopt that risk in exchange for the collective profits of their constituent mortgages.


Please, stop trying to to act like you know what you are talking about.
 
And you want what, a thesis to answer this post?

Your arguments consist of such broad, sweeping generalizations that nobody can respond to any of it, thus making you feel smart because nobody says anything. Much like this bill.
 
Yeah if you commit fraud then you can charge people. But my point still stands. You don't make any money without taking RISK.
 
Sir it is you who has it mixed up. Investment banks that sold CDSs did have to pay out when loans started to default in a MBS or CDO.

And they are not an insurance product


Fucking moron. Trying to own me bitch?
 
I want you to be able to understand what those measures are. Until you understand the entire scope of what happened then I can't expect you to do that.

http://forums.offtopic.com/showthread.php?t=4474511

Read that
 
The biggest failures were fannie mae/freddie mac . You know the pretty much govt banks, bailed out numerous times, not included in this legislation, etc...
 
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