sâmbătă, 13 septembrie 2008

welcome to the United Bank State of America...

preiau un post de pe blogul RGE:

"I was briefed on the proposed US financial reforms which will be shoved through with minimal review. Short version is that the Fed wins an explicit "financial stability" role which gives it powers and secrecy to do pretty well whatever Tim Geithner chooses to do for his capitalist crony clientele. The role will include comprehensive, global data collection which will give the Fed visibility of all open positions. In the wrong hands, this insight could be used to selectively induce volatility and margin calls which would selectively hurt some and advantage others. That could help the Fed's friends over time.

The FDIC will be stripped of financial supervision and prudential intervention powers in favour of the Fed. That makes the Fed totally unreviewable and unchallenged by other authority in the USA.

Additionally, the SEC will be forcibly reformed to be more like the CFTC - a service entity for the interests of those who pay good money for bad regulators. Instead of fixed rules, SEC regulation will become "principles based" which will mean that no one is ever held accountable for breaking the law unless they have done something to break the code of omerta and anger their peers.

Federal law and regulation will pre-empt all state laws, and states attorney generals will be stripped of authority to investigate or sue. That means no more inconvenient Elliot Spitzers to get in the way of Wall Street excess.

This may not meet Professor Roubini's recommendations, but the deal is going through with little review so far because the cries for reform are only going to be met with this one pre-agreed proposal. After all, who in Washington or Wall Street would ever suggest that Geithner, Bernanke and Paulson didn't have the best interests of American and global investors at heart?

By London Banker on 2008-09-11 10:27:14"

highlighturile in rosu sunt ale mele...

si-o stire de pe Bloomberg care suna cam asa: "Paulson, Geithner, Cox Meet Wall Street Executives on Markets". Cu alte cuvinte s-au dat instructiunile, s-a stabilit cum se rezolva problema cu LEH, si s-a pus tara la cale. Literally...

mi-e mie ca ce ni se pregatise de ceva vreme, iata ca se pune in aplicare.

popor american sunteti pe cale sa vi-o furati rau de tot. o s-ajungeti mai rau ca-n Romanica unde legea e pervertita de politicieni, dar macar nu se inteleg cu presedentia. la voi si-au cam unit fortele toti ciocoii si s-au pus pe asuprit. cu legea (lor) de partea lor...

sunt indignat (although I should know better) ca e un ca furt la lumina zilei - cu tupeu nesimtit - si ca media aservita tine poporul in intuneric ca sa inteleaga prea tarziu.

as incheia cu doua citate deja arhicunoscute:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
- Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)"

"I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
- Thomas Jefferson, from a letter to John Taylor May 28, 1816

4 comentarii:

Ciprian spunea...

Ete ca nu s-a rezolvat cu Lehman, si mai sunt vreo cativa care sunt cam palizi (mai am vreo $800 la WaMu - sa-i scot? :). Problema e: la asa probleme, cum de sta inca dolarul destul de bine pe picioare? Care-i situatia in Europa? Si, de curiozitate, in Romania ce se mai intampla?

Dragos Popa spunea...

s-o iau invers mon cher. In Romania se pare ca suntem fara griji, noi traim pe insula cu Robinson Crusoe si nu ne pasa de capitalistii aia corupti. cel putin asa cred unii... eu sunt -dupa cum ma stii - mai sceptic si cred in continuare ca vom simti valurile in curand (imobiliare, caderea puterii de cumparare + consum, eventual depreciere RON /EUR, restrictie credite, somaj - ma rog - toata spirala vicioasa)

cu WaMu ti-am zis de vre-o doua luni sa scoti banii de-acolo. eu cred ca mai ai cateva zile max. cateva saptamani pana dau faliment...

dolarul sta inca in picioare - IMO - pt ca:
1. se fac jocurile in spate si cineva propteste piata;
2. investitorii sunt complet ametiti / piata EUR e si ea impactata - desi nu de falimente asa rasunatoare
3. China inca nu s-a hotarat ce sa faca cu maruntisul ala de 1.7 trilioane $. ce-i drept daca scade mult consumul si n-o sa mai poata exporta in SUA, vor gasi destul de repede raspunsul la intrebare.
4. petrolul se apreciaza, implicit dolarul nu mai e supus la presiuni pe partea asta (cat o mai dura)

in general cred e doar un status quo temporar care se poate schimba de la un moment la altul.

sa vedem ce se-ntampla cu AIG, aici s-ar putea sa fie un turning point.

recunosc ca m-am inselat cu LEH, am crezut c-o sa-i sperie bancherii, dar acuma ma gandesc ca la AIG s-ar putea sa fie fortati sa intervina (nu zic c-o so faca).

iar daca asa va fi atunci, intreb si eu ca parano, nu cumva se stia ca LEH trebuia sa fie sacrificat ca sa se poata salva AIG? :):)

Ciprian spunea...

Parano, parano, dar de data asta se pare ca ai nimerit-o. Intre un McCain si un Obama, au inceput sa gaseasca vreme sa mai bage si cate ceva despre economie la tembelizor, iar ideea ca Fedul o sa arunce colacul cu parale catre AIG e tot mai prezenta (deh, costuri sociale mari, ma-ntelegi).
Ne uitam si ne minunam.

Dragos Popa spunea...

na ca pe asta cu AIG cred c-am nimerit-o :):)