Be Aware.

[Park Life 71]

The attacks on the Greek financial system is a masked attack on the Euro. Big player american hedge funds have started shorting the Euro in allignment..Greece is the weakest link in the Euro chain. It is partly to protect dollar positons, but also a long play attack on the Euro Govts facing debt scenarios inc GB. The Parky Quantum labs also see perhaps a threat to Barclays which is holding on by a thread.

 

I'm still sticking to my April 2nd dip scenario.

 

Greek crisis will fallout and also pehaps hit Spain and Portugal who aren't looking good either.

 

GB needs to stay clear and support the pound.

 

Peace.

Edited March 11, 2010 by Park Life

[ChezGiven 0]

Its just the incentive structure created by Credit Default Swaps. No one planned the impact on the Greek govt bonds but as demand for the Greek Bond CDS's has risen, this has created pressure on banks to demand higher rates on borrowing against govt issue bonds. There is no mystery other than why regulators dont step in regulate against CDS's on govt bonds. Too destabilising and benefits no-one.

[Park Life 71]

Its just the incentive structure created by Credit Default Swaps. No one planned the impact on the Greek govt bonds but as demand for the Greek Bond CDS's has risen, this has created pressure on banks to demand higher rates on borrowing against govt issue bonds. There is no mystery other than why regulators dont step in regulate against CDS's on govt bonds. Too destabilising and benefits no-one.

 

Soros lead secret fund manager meeting a few weeks back would say otherwise.

 

Agree on clamping down on derivities etc CDS's for sure. Two minds about this as a counter strike by Euro funds might take down Goldman Sachs, a day which I will celebrate with mucho drinko.

[Park Life 71]

Geithner threatens EU over plans to curb hedge funds behind eurozone crisis

 

 

Thursday, 11 March 2010 11:58

 

 

U.S. warns EU of rift over fund regulation

 

3:58am EST

 

BRUSSELS, March 11 (Reuters) - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.

 

Citing a letter but not quoting from it directly, the Financial Times said Geithner wrote to Michel Barnier, the European commissioner in charge of market regulation, on March 1 saying the EU was headed for a clash with the United States and Britain if the planned rules proved overly protectionist.

 

Barnier's office was not immediately available to comment or confirm that such a letter had been sent.

 

European officials are drafting new regulations on the hedge fund and private equity industries that proponents say are designed to limit their perceived role in aggravating the 2008-09 financial crisis.

 

Tight European regulations could have a big impact on the alternative investment industry in Britain and the United States, where most major hedge funds and private equity firms are based.

 

In his one-page letter, Geithner stressed a need for the United States and Europe to work together on regulation of the financial services industry, the Financial Times reported.

 

He warned that hedge funds, private equity firms and banks could be discriminated against if proposals to restrict the access of EU investors to funds based outside the 27 countries of the bloc were included in the final law."

[Rob W 0]

yawn......

 

it's only the GREEKS Parky...

 

not anyone important like India or China going bust

[Park Life 71]

yawn......

 

it's only the GREEKS Parky...

 

not anyone important like India or China going bust

 

It's about the Eurozone Herr Heneral!!

[Rob W 0]

You Jormans will throw the Greeks out of the D mark zone soon enough........... by making the political costs of a bail out so high the Greeks will just default the whole country and go back to

the drachma (the Greeks that is)