- Systemic Risk, weiss jemand was das ist? - CRASH_GURU, 06.02.2003, 22:51
- Re:Geld verdienen ist einfach, wenn man selber Zentralbank spielen darf - kingsolomon, 07.02.2003, 09:59
Re:Geld verdienen ist einfach, wenn man selber Zentralbank spielen darf
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Wie Fannie und Freddie
Ich würde es mal laienhaft so formulieren: Systemic risk entsteht
durch die black box Transaktionen, die OTC-Derivate naturgemäss darstellen.
Identität, Anzahl und Standing der Gegenparteien ist unbekannt.
Daher lässt sich nicht einschätzen, welcher Schaden durch Ausfälle auf deren
Seite dem Finanzsystem entstehen würden.
Als Experten auf diesem Gebiet empfehle ich Doug Noland und seine
wöchentlichen Credit Bubble Bulletins auf prudentbear.com
>By Daniela Deane
>Washington Post Staff Writer
>Thursday, February 6, 2003; Page E03
>
>The White House has announced that it will nominate Mark C. Brickell, an expert on financial derivatives, to head the federal agency that oversees Fannie Mae and Freddie Mac, the giants of the secondary mortgage market.
>Sources familiar with the situation said Armando Falcon Jr., head of the Office of Federal Housing Enterprise Oversight, was asked by administration officials for his resignation Tuesday morning.
>That was just hours before Falcon released the findings of a"systemic risk" study, which laid out a scenario in which Fannie Mae and Freddie Mac could experience severe financial difficulties that then would cause wide-ranging disruptions in the housing and financial markets.
>An OFHEO spokesman said Falcon and the agency had no comment beyond his official resignation letter, which said he looked forward"to a smooth transition."
>Falcon, appointed director of the agency by President Bill Clinton in 1999, had more than a year remaining in his term.
>Later Tuesday, the White House announced that it wanted to fill the spot with Brickell, chief executive of Blackbird Holdings Inc., an electronic trading system for financial derivatives. Brickell is known as an avid advocate of free markets and deregulation, a philosophy he shares with friends such as former senator Phil Gramm and his wife, Wendy Gramm, a former director of Enron Corp.
>Brickell used to be managing director of J.P. Morgan & Co. He declined to comment.
>
>Geldverdienen ist doch so einfach, man muss nur dazu gehören.

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