tag:blogger.com,1999:blog-18665728.post5766085324419965590..comments2024-03-28T00:01:34.598-07:00Comments on The Galloping Beaver: Derivative debacle . . .Davehttp://www.blogger.com/profile/03203592149876300192noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18665728.post-82798210922443945592012-04-22T17:18:24.734-07:002012-04-22T17:18:24.734-07:00From the outset of the 2008 global meltdown I argu...From the outset of the 2008 global meltdown I argued that the United States and other affected governments really needed to declare derivatives, especially credit default swaps, null and void.<br /><br />The reason is simple. These instruments were always bogus and everyone pretty much knew it. Those who sold CDS knew if they were called they had nowhere remotely near the assets needed to make The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-18665728.post-42881029205674321582012-04-20T09:07:34.136-07:002012-04-20T09:07:34.136-07:00I saw this post in Zero Hedge. Every day something...I saw this post in <a href="http://www.zerohedge.com/" rel="nofollow">Zero Hedge.</a> Every day something equally troubling is posted there. It got me to <a href="http://thinkingaboot.blogspot.ca/2011/10/not-survivalist.html" rel="nofollow">thinking aboot</a> what to do, a derivative planning exercise. There is a shit storm comming, we live in a country well equipped to muddle through, but we areStevehttps://www.blogger.com/profile/14162783936999869984noreply@blogger.com