Replies to post #112371 on Lehman Brothers Financial SA (LEHNQ)

[GreatFinancialCosplay08]

Thank you Ron, that's EXACTLY what I was hoping you could reiterate here. So this would HAVE to be something Rossman goes to Trump's SCOTUS with. I mean the catastrophic effect is apparent!!! It just can't end that way. You can't have this precedent and just leave it. It's beyond criminal.

[lodas]

@ ron......There is no state or federal regulation of the derivative markets except the CTFC, .....many of these contracts are "handshakes" and can be walked away from.... here is an excerpt from google describing the regulation of the derivative markets..

There is no meaningful regulation of the derivatives markets at the state or local levels, and the CFTC, with certain exceptions, acts as the sole and exclusive regulator of that activity at the federal level.
Lodas

[lodas]

@ron.....I would speculate that the buyer, as well as the seller of a derivative contract would have a clause against fraud... If you remember, Standard and Poor, and Moodys were rating MBS with AAA ratings on many of the Tranches which were really risky, but were sold to public buyers all over the world....The Seller of this contract might have been aware of this, but sold them to the unsuspecting buyer anyway.... then, with the collapse of the financial markets, the SELLERS would have reaped a fortune...However, the BUYER could just "walk away from the contract as being fraudulent"....This happened to me in 2008, when I Sold a put on Bank America, not knowing that they were the Buyers of that Put...BA committed fraud on me because they knew the market was going to tank when Paulsen held that "Moscow meeting" in Russia, some months before the collapse of the financial markets... of course, I "ate those PUT contracts", but I could not "walk" away from them because BA was never accused of fraud at the time. and those contracts were regulated by the CBOE....my point?... probably there were clauses in those derivative contracts which would preclude the Seller from collecting if fraud was committed..... AIMO.... Lodas

[s404n1tn0cc]

That was my point. There would not been an a GFC had there been actual currency from the banks who were insuring agaist losses. That's fraud in any court. And failure to deliver. IE Insurance. BTY
just add two more zero in your billions columb. Those "Bets" were huge. 10 to 1. thus the two Zero. So close to Two Trillion was withheld. (Trillion" ) THis is not confeti Money> Gee sound like a law suite brewing IMO