WIN WIN WIN: Senate passes Financial Reform Bill

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This is incorrect.

The reason we had to bail out Wall St is because they didn't have enough capitol to pay out CDS's. This bill forces them to have enough liquidity in order to be able to pay out bets they lose.
 
"
"Bank" does not equal investment bank. I misunderstood you as saying banks as in the loan originators. In an argument that involves different types of banks you have to specify.

Also I said cds' are "essentially" an insurance product. And later said that they were for lack of a better word.
 
You're starting to think critically. There is hope* for you after all.


*I mean real hope, not a buzzword for Libtards to chant
 
Here's the problem, nobody knows what this means for "reform" or what it means for Wall St.

http://www.huffingtonpost.com/2010/05/20/senate-clears-way-for-fin_n_583802.html





http://www.cnbc.com/id/37219897



http://www.huffingtonpost.com/2010/04/20/exclusive-dem-insiders-ec_n_544187.html



http://www.washingtonsblog.com/2010/03/everything-you-need-to-know-about-dodds.html



I can keep going.

So my question is, what's in this 1400 monstrosity of nothingness? Pork? More regulation? More backdoor attempts and making changes down the road?
 
Also, a CDO is not a collection of sub-prime mortgages. It is a collection of mortgages (general) and divided into tranches based on risk calculated by its composite mortgages.
 
The "resolution authority" mentioned above seems like a slick way to nationalize a company...
 
I pasted this into Wiki but got no results, which leads me to believe that you actually wrote this youself.

We are making steps in the right direction.
 
The irony is that you tell other people to read up on this topic.

JP Morgan really belongs in there with Lehman, Bear and AIG.
 
The irony is that I've already proven that I'm right, and that CDOs were mostly made up of sub primes yet you still come in here and try to call me out, while your other mouth breathing compatriots egg you on.

JP Morgan was the third largest deposit based bank and the largest hedge fund and one of the big four banks in the country. They needed $25 billion to stay afloat. Would you have been happier if I said Merrill instead?
 
A. They didn't need the $25 Billion to stay afloat.

B. They paid it back as soon as they were allowed to.

C. It's a well known fact that the government forced TARP on every bank.

D. CDO's are a collection of mortgages. Prime & Sub-Prime. CDO's are not a collection of solely sub-prime mortgages (which you claim).
 
As to D., it could be either. There's nothing inherent in the collateralization process that forces a particular makeup upon it. A CDO might not even be composed of mortgages.
 
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