Comments on: Securitization survives the fall http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Ashley http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-5447 Mon, 05 Oct 2009 14:16:58 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-5447 I find this article very interesting. Also i want to share with you this page that i found ones looking for information. I hope you find it useful http://www.zintro.com/topic?name=Securit ization

Ashley.

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By: logan http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4652 Fri, 18 Sep 2009 09:27:52 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4652 CDS Good?!! Insurance for default debt is good for economy?! Well, if it’s good how bout i open a bank and have insurance for my own default credit card from my own bank?

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By: Sergey http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4560 Thu, 17 Sep 2009 13:37:47 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4560 Stop blaming financial products. It is like blaming gun for killing somebody.

I just wondering how many people here understand what is structural product or securitization. So people go in general discussion about how Wall Street is bad.

1. There is good intentions behind securitization. Agencies Fannie Mae, Freddie Mac made residential mortgages much more affordable.

2. There are good intentions behind structural products (CMO, CDO etc) as well as insurance (CDS). After all we all have car/home/health insurances.

The real problem is the lack of law. Corporate law shields executives making while keeping shareholders accountable for management mistakes. People bankrupt banks and walk away with bonuses. At least they should go bankrupt. As long as there is no personal responsibility we will see excessive risk taking.

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By: Nan http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4423 Tue, 15 Sep 2009 18:29:45 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4423 The solution is 2″ in front of policy makers faces. Restore Glass-Steagall which would separate Broker-Dealer/insurers from banks with international agreements to do likewise. In the “whatever it takes” rhetoric, that and more is what it will take. Additionally, FDIC oversight could focus on banker loans (and quality) vs capital reserves; allow a safe mechanism for common working schmucks to save for their futures and keep up with the invisible inflation without exposure to the risks and opacity of Wall Street as passive investors thus provide banks with the liquidity to invest in their states and communities.

Broker-dealers/insurance and the lot must be transformed with new capital requirements not buried deep in their books where no investor, not part of the very exclusive insiders club, can find them.

Lastly until the risks through ‘innovation’ of those whose egos are only outstripped by audacity, must have PERSONAL skin in the game. Picking winners and losers politically isn’t adequate. Businesses learned to create money out of thin air through financial divisions not part of their primary business…see GM,GE see AIG-a very long list.

Regulators and the revolving door needs to be slammed SHUT as should for those elite Washington Lobbyists, formerly insiders on the Hill, who ensure war chests for re-elections bids are flowing over.

The financial industry at large believed they could function without the population, replace real production by people with their products of alchemy. The wealthy elite are gluttonous and parasitic.

Without rules, you get chaos. Right FASB?

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By: Drew http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4288 Mon, 14 Sep 2009 21:14:40 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4288 I forgot to mention I’m from Canada. Sorry for going off on a tangent. Its always convenient when I can take a nice shot at my country. Canadians often brag about the regulatory hurdles in this country. I’ve seen this land go from a rich prosperous nation to a depressing little backwater of the U.S.

Thanks for listening. Cheerio!

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By: Drew http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4287 Mon, 14 Sep 2009 21:05:47 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4287 Big Business did not sell me out in this country. Big Government did. Fresh out of high school and full of innocence, I eagerly made $10/hr in 1989. Then $10/hr in 1999 and sadly only $10/hr in 2009. Yet my government imported nearly 0.5 million people each year to be absorbed in our small workforce. That’s 10 million people over 20 years to compete with me for scarce jobs. I’m mentioning this because of a previous post about the ‘evils and corruption’ of free market enterprise. Government making bad choices is equally to blame.

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By: Drew http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4286 Mon, 14 Sep 2009 20:54:35 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4286 Banks only tightened their noose on credit when people could no longer pay their debt. (When everybody’s making money. Everybody’s happy, as the saying goes). Banks behaving badly is the norm and the house of cards in which this system was built is no longer. But will regulation stop this? And is not regulation a type of disease? I’ve never met a liberal with a tax he didn’t like or a ban he didn’t like. The TARP issue is confusing to a layman like myself but I do know that it never ceases to amaze me on how many economic experts and pundits there seem to be on the other side of the Atlantic. (The writer of this article being one). Big Oil created this mess and the almighty invisible hand is correcting this. Many Europeans do not have a handle on how we over here take cheap energy (petrol) for granted. Working people like myself, stuffing $20 bill (note) after $20 bill in the coffers of Big Oil, not long after, so many had no money for anything else. Prices of all essential goods went up on this fuel increase. Wages did not.

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By: Casper http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4239 Mon, 14 Sep 2009 12:03:22 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4239 Good points Janus ! (posted 7:01pm GMT)

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By: me http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4087 Fri, 11 Sep 2009 20:38:19 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4087 The secret marriage vow is never spoken
The secret marriage never can be broken

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By: Anubis http://blogs.reuters.com/commentaries/2009/09/11/securitization-survives-the-fall/comment-page-1/#comment-4081 Fri, 11 Sep 2009 18:34:58 +0000 http://blogs.reuters.com/commentaries/?p=3869#comment-4081 Theserf, how can we ever expect thieves to legislate their own activities as illegal?

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