v****e 发帖数: 19471 | 1 that is exactly my point.
prime |
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d*****z 发帖数: 114 | 2 CDO market is relatively small compared to the whole packaged mortage-backed
security market.
US mortgage as a whole is about 10 trillion. Global CDO market is 1.5-2
trillion at its peak in 2006. So CDO itself wasn't creating a lot of
leverage.
cr
e
o |
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n******n 发帖数: 12088 | 3 should distinguish insurance and bet.
can you buy 1m insurance for your house whose market value only 100k? |
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n******n 发帖数: 12088 | 4 how about cds?
i think aig was killed by cds on cdo, not cdo itself.
backed |
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v****e 发帖数: 19471 | 5 I certainly can't. but if someone in vegas sets up a gamble that my house wi
ll catch on fire and if he does a good marketing job, the bet pool can very
well exceed my home value. |
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v****e 发帖数: 19471 | 6 yeah they insured the CDOs at very low premiums (like 20bp--200bp a year dep
ending on ratings). they realized the problem fairly early--it was like fall
2006 when they stopped doing that. but it was already too late. |
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g****h 发帖数: 481 | 7 就用你这个赌球的作类比。参与比赛的球队假设为A队,B队。而且比赛无平局。
假设一个极端的例子,那些HF,IB用全美国一半的人钱赌A队,剩下的HF,IB用美
国另一半人的钱
去赌B队。很多美国人并不知道自己的钱被HF,IB投进了这个赌局。不仅如此,这两边
还各自用了20
倍的leverage,也就是跟银行借了19倍的钱。
不管最后比赛结果是什么,总有一半的美国人要被wipe out,很多银行要关门,你觉得
这个赌局不应该
regulate么?
prime |
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n******n 发帖数: 12088 | 8 the problem is, w/o regulation and transparency, there could be a lot of
such 1M bets on your house appreciation/depreciation, and the total bet
value could be much bigger, say, 1B,or even 1T.
anything bad on the house, it may trigger the crisis.
wi
very |
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o**o 发帖数: 3964 | 9 不觉得这样的赌局有什么错,反正参赌的双方都是老赌棍。双方都明白20倍leverage赢
了也拿不到那么多钱,他们都会factor in counter party risk.
问题不是赌博本身,问题是regulator因为在赌局里有利益蛋疼得要bail out
输掉的赌棍。这样规矩就坏掉了。不让资本自己运作,资本主义的相对公平
反而没有了。 |
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g****h 发帖数: 481 | 10 I assume you understand what is systematic risk and have seen what
happened after lehman's collapse..... |
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o**o 发帖数: 3964 | 11 呵呵bear,lehman倒了天并没塌啊,ML没倒BAC倒差点给它拖垮了。
真正的systematic risk是自己不懂放手让赌棍当regulator
1. 视casion关门(其实是换东家)为end of the world
2. 始终有regulate其他大小赌棍的强烈愿望 |
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L****a 发帖数: 572 | 12 I just listened to the hearing. Yes, I am right. Those 4 people
in the panel are all coming from GS's ABS desks. As they claimed,
they are market makers for CDO and other instruments. Typically,
they have CDO positions and CDS positions (they call it
single-name CDS), so that CDS can hedge the CDO inventory risk,
and vise versa. However, there's always residule risk which makes
the whole inventory net long or net short. However, the inventory risk
could also become profitting opportunity if the |
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N********n 发帖数: 8363 | 13 She's drilling an insignificant point that Goldman was selling junk. It's
legal for Goldman to do that just like it's legal for everyone to sell at
top and then short a stock knowing it has topped.
The real important issue is why Treasury and FED used taxpayers' money to
bail AIG out and pay Goldman's bet 100%. She's not investigating that b/c
it was carried out by Obama's Sec of Trea, and she would not risk pissing
Obama off over that. |
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c***m 发帖数: 2630 | 14 Good point. What do u think of GS case? Will they prove GS fraut eventually?
if SEC win, then some chinese airlines and other firms can begin to sue GS/
MS also for their betting lost on 2008 oil. |
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N********n 发帖数: 8363 | 15
I think GS was clever enough to structure the security in a way they can
not be sued. Democrooks know this as well. They are using GS as a tool to
score public support for their phony reform and then put pressure on GOP.
The real culprits, Fed and Treasury, are left untouched. Fed will actually
gain more power from the reform (and act more lawless than ever).
Our airlines are already off the hook, I think. They may not claim their
loss back but they already stopped paying any more of that. |
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c***m 发帖数: 2630 | 16 That is what I thought too.
"Our airlines are already off the hook, " Are u sure? any link?
bottom line: did u bottom fish GS around 150? |
|
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h****g 发帖数: 2216 | 18 看了一下这个名单, 我列在后面了。括号里标明D的是民主党。除了
Manchin, Joe (D) 上次不能投票,其他的可都没有指望他们说No。你那个网站上的意
思是说他们有可能说NO,要争取一下。这个list让我震惊的是Murkowski。她要是真的
投Yes,那就阿拉斯加过几年就热闹了
Murkowski, Lisa
Landrieu, Mary (D)
Collins, Susan
Snowe, Olympia
Stabenow, Debbie (D)
McCaskill, Claire (D)
Baucus, Max (D)
Dorgan, Byron (D)
Conrad, Kent (D)
Manchin, Joe (D) |
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f****i 发帖数: 590 | 19 为阅读方便,将参议员们的联系地址删去,下面链接可查详细信息。
http://www.senate.gov/general/contact_information/senators_cfm.
参议员前有星号的为已经有人承包的,下面是本版ID承包人,欢迎认领其他未标明的。
Akaka, Daniel K. - (D - HI) Class I
***Alexander, Lamar - (R - TN) Class II
(会飞的绿猪已经承包,谢谢奉献余热)
Ayotte, Kelly - (R - NH) Class III
Barrasso, John - (R - WY) Class I
Baucus, Max - (D - MT) Class II
Begich, Mark - (D - AK) Class II
Bennet, Michael F. - (D - CO) Class III
Bingaman, Jeff - (D - NM) Class I
***Blumenthal, Richard - (D - CT) Class III
mqrlkr (m... 阅读全帖 |
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f*******8 发帖数: 1430 | 20 Votes on S. 3992 (2010). Grouped By Vote Position:
YEAs ---59
Akaka (D-HI)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Coons (D-DE)
Corker (R-TN)
Crapo (R-ID)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-... 阅读全帖 |
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b*****d 发帖数: 61690 | 21 反对的里面很多已经退休了.我这里简单说说仍在国会的.
Baucus, Harkin, Rockefeller,加上那个没有投票的Johnson(他当时脑溢血住院),这四
位已经决定明年退休,没有选举压力.所以估计reid and obama给些恩惠,应该能争取到.
Brown and Sanders这两位号称是劳工的代表.这次工会已经同意这个bill了,估计这两
位能支持.
Tester刚刚赢得选举,下次再选是2016年.reid号称的参议院里面最好的朋友.估计能给
reid个面子.
Landreu and Pryor明年选举.两个人来自南方.选举压力大,估计会投票反对.
McCaskill去年刚连任,来自Missouri,她不知道怎么投.
另外08年当选的alaska民主党参议员很可能投票反对.
我估计民主党这次能有4到5票反对. |
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x**8 发帖数: 1939 | 22 以下几个参议员连任危险,
我们需要分析一下他们在移民问题上的立场,
GOP:
AZ Jeff Flake
NV Dean Heller
Dem:
MO Clare McCaskill
IN Joe Donnelly |
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S*******h 发帖数: 7021 | 23 【 以下文字转载自 USANews 讨论区 】
发信人: TravisBickle (Travis), 信区: USANews
标 题: 发言人:调查选举舞弊不只限定2016年
发信站: BBS 未名空间站 (Wed Jan 25 15:02:20 2017, 美东)
Spicer says voter fraud probe will not just be focused on 2016
By NOLAN D. MCCASKILL 01/25/17 01:53 PM EST
The “major investigation” into debunked claims of voter fraud that
President Donald Trump called for Wednesday morning will look beyond just
the 2016 presidential election, White House press secretary Sean Spicer said
Wednesday.
“Just to be clear, not just ... 阅读全帖 |
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S*******h 发帖数: 7021 | 24 【 以下文字转载自 USANews 讨论区 】
发信人: TravisBickle (Travis), 信区: USANews
标 题: 发言人:调查选举舞弊不只限定2016年
发信站: BBS 未名空间站 (Wed Jan 25 15:02:20 2017, 美东)
Spicer says voter fraud probe will not just be focused on 2016
By NOLAN D. MCCASKILL 01/25/17 01:53 PM EST
The “major investigation” into debunked claims of voter fraud that
President Donald Trump called for Wednesday morning will look beyond just
the 2016 presidential election, White House press secretary Sean Spicer said
Wednesday.
“Just to be clear, not just ... 阅读全帖 |
|
r***o 发帖数: 127 | 25 # Name Yrs
0 Orlando Woolridge
Alvin Jones 93-94
01-02
00 Eric Montross
Benoit Benjamin
Amal McCaskill 97-98
97-99
03-Present
1 Wes Matthews
Scott Brooks
BJ Tyler
Tim Thomas
Samuel Dalembert 83-84
88-90
94-95
97-99
01-Present
2 Moses Malone 82-86; 93-94
3 Fred Carter
Bernard Toone
Russ Schoene
Sedale Threatt
David Henderson
Tony Harris
Greg Grant
Dana Barros
Allen Iverson 71-77
79-80
82-83
83-87
87-89
90-91
91-93; 95-96
93-95
96-Present
4 Dolph Schayes
Marlon Redmond
Clint Richardso |
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H****3 发帖数: 7936 | 26 呵呵,50人名单找到了。大家来围观一下。
尼玛劳资辛辛苦苦上班交税就养了这么一帮废柴。
Maria Cantwell D-WA
Harry Reid D-NV
Jon Tester D-MT
Charles Schumer D-NY
Patty Murray D-WA
Barbara Boxer D-CA
Dianne Feinstein D-CA
John Walsh D-MT
Sherrod Brown D-OH
Carl Levin D-MI
Mark Begich D-AK
Brian Schatz D-HI
Christopher Coons D-DE
Kirsten Gillibrand D-NY
Martin Heinrich D-NM
Mazie Hirono D-HI
Tim Johnson D-SD
Robert Menendez D-... 阅读全帖 |
|
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G****e 发帖数: 11198 | 28 发给美国总统/100个参议员/美国国务卿(现任/前任)/联合国秘书长/德国总理的公开信
To: List of Recipients
Subject: Historical Call To Action
To Whom It May Concern,
I am writing to draw your attention to a matter of great significance as
human beings. A period of 19 years, to many young men or women, is their
prime time attending colleges, while, to a special girl, she would rather
die than live.
Nevertheless, she couldn't!
She is Ms. ZHU Ling. http://www.helpzhuling.org/
In 1994, when she was a college student at the China’s pres... 阅读全帖 |
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k***r 发帖数: 13724 | 29 【 以下文字转载自 CouchPotato 讨论区 】
发信人: kejer (kejer), 信区: CouchPotato
标 题: 美参议员”done with GoT“
发信站: BBS 未名空间站 (Thu May 21 11:12:18 2015, 美东)
不是州参议员啥的,是US senator。
feminist威武,第六集真能搅混水啊。
密苏里很有趣啊,记得12年这个州挑战此女的GOP候选人来了个“legitmate rape”,
今天她来个fictional rape “disgusting and unacceptable”。
http://www.cnn.com/2015/05/19/politics/claire-mccaskill-game-of |
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b*****d 发帖数: 61690 | 30 【 以下文字转载自 USANews 讨论区 】
发信人: brihand (brihand), 信区: USANews
标 题: 拉里说trump stalk她
发信站: BBS 未名空间站 (Fri Oct 14 11:59:39 2016, 美东)
Clinton: Trump stalked me around the debate stage
By Nolan D. McCaskill
10/14/16 11:06 AM EDT
Donald Trump dominated the debate stage Sunday — literally, according to
Hillary Clinton, who thought “this is really weird” as the Republican
presidential nominee towered over her on stage.
In an interview with Ellen DeGeneres set to air later Friday, Clinton said
she had “sev... 阅读全帖 |
|
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b*****d 发帖数: 61690 | 32 【 以下文字转载自 USANews 讨论区 】
发信人: brihand (brihand), 信区: USANews
标 题: liberal ok: if we lose, we win
发信站: BBS 未名空间站 (Thu Apr 6 14:36:45 2017, 美东)
Progressives are declaring an early victory over Neil Gorsuch’s Supreme
Court nomination.
Even if President Trump’s pick is confirmed after a historic Senate vote on
Thursday to end the minority party's ability to filibuster Supreme Court
nominations, liberal groups think they’ll win.
They predict that Republicans will face a backlash over changing the Se... 阅读全帖 |
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s**********t 发帖数: 680 | 33 The link to the paper is provided for your convenience.
The Molecular quasi-species
Eigen M ; McCaskill J; Schuster P
Advances in Chemical Physics, (1989) Vol. 75, 149-263.
http://www3.interscience.wiley.com/cgi-bin/summary/114181861/SUMMARY
New concepts for dealing with the evolution of nucleic acids.
Eigen M
Cold Spring Harbor Symposia on Quantitative Biology, Vol. LII. Evolution of
Catalytic function. Cold Spring Harbor Laboratory: Cold Spring Harbor, New
York, USA. 1987. 307-320.
http://symp |
|
s**********t 发帖数: 680 | 34 The link to the paper is provided for your convenience.
The Molecular quasi-species
Eigen M ; McCaskill J; Schuster P
Advances in Chemical Physics, (1989) Vol. 75, 149-263.
http://www3.interscience.wiley.com/cgi-bin/summary/114181861/SUMMARY
New concepts for dealing with the evolution of nucleic acids.
Eigen M
Cold Spring Harbor Symposia on Quantitative Biology, Vol. LII. Evolution of
Catalytic function. Cold Spring Harbor Laboratory: Cold Spring Harbor, New
York, USA. 1987. 307-320.
http://symp |
|
s**********t 发帖数: 680 | 35 The link to the paper is provided for your convenience.
The Molecular quasi-species
Eigen M ; McCaskill J; Schuster P
Advances in Chemical Physics, (1989) Vol. 75, 149-263.
http://www3.interscience.wiley.com/cgi-bin/summary/114181861/SUMMARY
New concepts for dealing with the evolution of nucleic acids.
Eigen M
Cold Spring Harbor Symposia on Quantitative Biology, Vol. LII. Evolution of
Catalytic function. Cold Spring Harbor Laboratory: Cold Spring Harbor, New
York, USA. 1987. 307-320.
http://symp |
|