November 30, 2010
Fatekh Vergasov
We cannot forget the
role of Swaps
in the existing Crisis...
We do know that Swaps are some kind of "Insurance contract"
But Swaps are out of "Reservation duty", which have all other
derivatives...
So far, it looks like nothing was improved in this field, i.e. lesson
was not learned
So we have only 3 options:
1. Restrict Swap as instrument of the business...
2. Make "Reservation rules", which have all Insurance companies, duty of
every creator of the Swap
3. Do nothing and wait just a little for another crisis.
Why?
Look at the existing agressive attacks of the financial institutions,
which start re-financig agressive activity.
It looks like they want to get new legal opportunity to create Swaps and
pump market with them again
Remark: Without new re-financing contracts they have no opportunity to
create derivaties and especially Swaps
October 15, 2010.
Peter Coy.
Commentary: Mortgages Lost in the Cloud
Fatekh Vergasov
Tail-wags-the-dog...
Mortgage situation was named as a "Problem"... But this is just very
very small question...
Problem will be if you'll suddenly find yourself naked at the center
point of Nevada desert...
Lets described real problem and not strained sophisticated hokey one...
"Financial plyers" made todays forclosurers "too optimistic about what
they could afford" (definition of
Timothy Geithner).
It will be wise to forgive said borrowers with hope borrowers will
forgive their offenders...
If to do so, not only problem named, but even small questions will
disappear into thin air
Since 2012 President election year is in the pipeline, political
decision to set forclosurers free should be made in 2011...
Who will make said
decision in time, will be our President
October 15, 2010.
Charlie Rose talks to Timothy Geithner
Here we go again! Looks
like some kind of serial "Interview with wrong people"
Crises decisions should be first of all political one, thus, there are
almost no room for advisers of any economical kind...
About 10% of unemployment made mister Timothy Geithner very scarey,
afraid, afeard, startled... just watch his photo...
He does know for sure what may happend if somboby like Tea Party finish
to critisize and starts to organize said forclosurers and lead them
to... , for example, to his office.... After all, China is far away, but
Washington DC is much closer...
Part of todays borrowers were used by Financial industry as a blind
sitting duck, i.e. financial institutions made them "too optimistic
about what they could afford". So said borrowers are just victims of the
con looks business practice...
It will be wise to forgive said borrowers with hope borrowers will
forgive their offenders...
Since 2012 President election year is in the pipeline, political
decision to set forclosurers free should be made in 2011... Who will
make said decision in time, will be our President
September 24, 2010.
Congress passes small-business bill; Obama will sign
On Sept 21, 2010, the
White House
announced that Summers would step down from his position on the NEC
at the end of the year, to return to Harvard University
How to Fix
the Economy:
An Expert Panel
Fatekh Vergasov
Not only common people
are very upset... It looks like fully formed trend of existing Business
Weak magazine - to have interview with wrong people... This time - with
so called professionals... Karl
Heinrich
Marx
and John Maynard
Keynes
were just Economist, but these interviewees are not less then "Senior
economist"...
"Crisis" is located in the heads of people, i.e. it has mostly
psychological roots (not psychiatrical one), so it should be treated
fitty... Such Psychological treatment should be done by statesmen... But
how they want to proceed, BW magazine says almost nothing...
Commentary: Dear Craigslist, Grow Up
Pseudolog,
i.e. Fatekh Vergasov
Sep 10, 2010 11:33 PM GMT
It looks like paid journalism, i.e. jeans... It looks like famous
information trick - deflection with intention to cach file It looks like
people have nothing more important to talk about... so there no 9-11, no
crisis any more? I cannot get:
1. If said Craigslist
activity is legal... Just Yes or Not, please
2. If The Nation still
wants to live according to the Constitution, which has certain amount of
Morality in it?
Commentary: The Good Old Bad Days
Fatekh Vergasov
Sep 4, 2010 2:43 PM GMT
hi, "scrapping the Internal Revenue Code be the main driver for a boom
in any economy" will be perfect optimistic signal, which may change the
people's mood... By the way this articrle photo kills optimistic
optimistic idea of the article Most peoples in this magazine (and many
many others) are pessimistic or sad mood sad... or are smiling
strenuously like they suffer coprostasia
SCL Sep 4, 2010
1:11 PM GMT My question is why would scrapping the Internal
Revenue Code be the main driver for a boom in any economy?
Fatekh Vergasov
Sep 4, 2010 10:37 AM GMT
First of all we should understand that Crisis is the Psychological
phenomenon, not economical or financial one. Crisis is always about
Faith... which was destroyed by enviers... So, restoration of the Faith
should be our first concern... So, people don't need speachless and
tongue-tied economists, finansists or other Specialists' smart
articles...
They want to hear speach
of first-rate statesman... People need new pastor / evangelist, who will
fly the Bull 24/7, i.e. manage an audience. Somebody like Alan Greenspan
or John Kennedy or Gorbachev
For sure Faith
restoration should be accompanied by resolute steps like
fundamental Tax
reform as Russia made more then 10 years ego, like service cancellation
of privat Mortgage an Loan makers by establishing government lending
business But what we can expect from people who even cannot kill such an
"instrument" like Swap?
Interest Rates: The Zero Percent Solution
Fatekh Vergasov
Aug 29, 2010 12:43 PM GMT
I talk about thomas and you talk about jonas... Zero % means that there
no finacial tool to manage crisis... Thats why my previous comment to
this article put very symple dilema: Or government will lend money to
people directly without help of financial institution, who don't want to
follow government anticrisis policy, or Government should be prepared to
feed people on the streets with help of tactical field kitchen... Is
that tooooo symple for enlightened audience?
Fatekh Vergasov
Aug 29, 2010 12:39 AM GMT
Isn't it clear enough since 2007, that economical tools are not working
adequately? Isn't it time to stop buying Financial sector's endlees
stories about they difficulties and miseries? Isn't it time to use
time-proved ald-style american administrative tool to make financial
industry motivated to meet peoples needs? Isn't it time for Obama open
special Agency and start giving loans, mortgages, etc. to people af
America directly? I belive people will support such policy
Old Banks, New Lending Tricks
Fatekh Vergasov
Aug 10, 2009 7:18 AM GMT
Cause is deeper! Since Government put trillions dollars into bank's
capital, these are tricks of Government, who does not want to act
neither as big shareholder, nor as Government... Government even cannot
stop Swaps... What are you expecting from them? So, now with such a
bihaviour Government made themselves part of the problem... We still
have posibility to dig even more deeper to ideogical level, i.e. to the
basic ideas... At the same time I do understand how it is difficult to
make changes by not changing basic ideas... Poor boys...
July 22. California got 30
billion dollars help (donation) from Federal Government
Commentary: States of Crisis
Fatekh Vergasov
Jul 17, 2010 10:45 AM GMT
Such a crisis is very dangerous politically... The root of the problem
is in a different place. Feds allow themselves to have any budget
deficit, but to themselves only. Because by Costitution Feds have right
to mint (coin) the $, but prohibit this to other members of Federation,
who may very soon come to a "fruitful" idea of separation So far it
looks like Washington DC does not recognize this risk or they just
prefer to play with fire
Bank of America's Good Works, on Your TV Screen
Fatekh Vergasov
May 1, 2010 1:21 AM GMT
It looks like Wolf always says: "Brother Rabbit you are guilty, because
I've got hungry"... It is about 100% faults of the banks, who seduced
people showing them readyness to approve any loan, any mortgage or
giving them even just open-end-bond... Banks didn't care... They even
don't need people to serve said loans, mortgages, etc. They even don't
need any interest from this stuff You may ask why?
Because Banks use
peoples obligations to pay as a basic legal ground to create derivatives
Speculation with derivatives allow banks to raise many dozen times more
in comparison with regular operations with loans, mortgages and other
banal financial instruments American economy was pumped with said
derivatives Innocent people cannot resist financial institutions, who
are using full power of "cold war" arsenal of mass dumbing-down...
The One
Apr 30, 2010 12:29 PM GMT
its not all the bank's fault, people shouldnt get something that they
KNOW they can not afford!
Fatekh Vergasov
Apr 30, 2010 4:14 AM GMT
Just several Reminiscences and topicalities
1. After banks effected
our pockets, they try to touch our hearts
2. As better is business
as less verbiage come from it, as less it appeal to the public
3. Every Cemetery is
full of those who have glorious Past
4. If Business has money
for such activity, it looks like I pay them toooooooooo much
Ken Lewis on Bank of America's Path Ahead
Fatekh Vergasov
Apr 28, 2009 3:55 AM GMT
By establishing 53% Rate of Debts to Value, BofA simply made impossiple
to get any loan from them. Thats why he sais: "there is dramatic decline
in demand...". Yes, it is. But, not because "consumers wanting to save
and not spend"... This is because of trick with said rate... And so
called "Regulators" looks like became blind again...
Why Banks Still Won't Lend
Fatekh Vergasov
Jan 13, 2009 12:10 AM GMT
Commercial Banks won't lend and never did so since 1929. They was simply
paper-work offices, who more or less good made "dirty job" for big
six... Second. Banks simply cannot lend because of American people, who
prefer to cover they needs with only 2% of the own money and rest 98%
from borrowing. Thats why Commercial Banks have 2% on CD accounts and
for short term...
So they simply cannot
lend 98% for long term... Before crisis commercial banks had Buyers for
they "Paper works". But now those buyers just disappears... Nobody in US
even have no idea how to restore said Buyers, without whom system will
never work...
If Government does not
want restor Buyers, it shoud became Buyer itself, what is economically
good, but politicaly not Whats why toooo many words about lending but
without any good result... But if the Goal is to make commercial banks
bigger and welthy, everything is just ok!
It Sure Looks Like a Recession
Fatekh Vergassov
Mar 13, 2008 12:20 PM GMT
1. Recession, Recession, Recession... as more you talk about it as
quickly it'll come, because you ruin Trust. Money is always about Trust
2. Stop that romantism,
i.e. economimy will make any good by itself, i.e. without administrative
tools and measures. For example, just compare existing mortgage rates
with rates of Mr. Bernanke. It looks like we have deal with some kind of
sabotage which is of nobody concern in this country
3. To restore Trust we
need to return previous "financial Pope", probably...
Information
www.pseudology.org
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