The apparent Fed Sept 15 meeting is very suspect to my mind

verfasst von wuzge, 29.08.2005, 16:50

-->The apparent Fed Sept 15 meeting with 14 financial institutions is very suspect to my mind. My understanding is a senior business executive and senior risk executive from each firm are asked to attend a meeting to address something as clerical and mechanical as unmatched trades. Who are the brain dead managing this part of the business? And the same problem apparently exists across 14 financial institutions? I would think phone calls and internal and external auditors could easily clean that up. If they can't, then which executives authorized personnel to trade in these non-standardized instruments without putting basic business controls in place prior to commencement of business? And who is managing the daily, weekly, monthly reconciliation? And who authorized the continuation of trades after it was discovered trades were out-of-control? 14 financial institutions who cannot balance their books? Something does not line up.
In my opinion, the meeting as publicly described could be cover for the true intentions of the meeting which might be different than the publicly stated intentions. The true intentions might be to give"friends" notice of an upcoming major potential or real financial event in person rather than over the internet or phone lines that can be tapped into and heard by others.
What could such a possible upcoming major financial event be? A planned stock market crash? A violent change in Fed interest rates? A sharp decline in the USD (as Saudi Arabia pulls out assets)? The end of the suppression of the price of gold (I understand Deutche Bank is invited)? Disclosure of the seriousness of the problems at fannie mae or General Motors? The disclosure of serious hedge fund problems? Other? A combination of these?
The meeting might be to discuss a risk issue, but I doubt the risk issue is soley in the form of unmatched trades. And if it is, there are surely much larger unseen problems lurking beneath the surface in these financial institutions.
RL
Nicely put, Ron.



>Falls ein Terroranschlag und/oder der Irankrieg für die Tage ansteht wird es wohl doch eine Krisensitzung.
>Wissen die etwas was wir nicht wissen?
>Genau wie Schröder, der die Neuwahlen völlig unlogischerweise in Gang gebracht hat. Der weiß vielleicjt auch mehr???
>Gruß Hanse
>PS: Sehe ich realistisch oder paranoid und in Weltuntergangsstimmung in die Zukunft?





<ul> ~ http://www.financialsense.com/editorials/murphy/2005/0828.html</ul>

Thread gesperrt

 

gesamter Thread:

• Bei den Amis liegen die Nerven blank: Neues LTCM? - Helmut, 24.08.2005, 21:58
  • Fed Summons 14 Banks to Discuss Credit-Derivatives Controls - Helmut, 24.08.2005, 22:04
  • Nicht kritisch - politico, 24.08.2005, 22:26
    • Re: Nicht kritisch - Hanse, 24.08.2005, 23:04
      • Re: Nicht kritisch - thoughtful, 25.08.2005, 01:35
        • Too big to fail - Arbitrageur, 25.08.2005, 03:24
          • Re: Too big to fail - thoughtful, 25.08.2005, 12:07
      • Schröder Neuwahl war ein fast genialer Schachzug (o.Text) - LenzHannover, 27.08.2005, 13:35
      • The apparent Fed Sept 15 meeting is very suspect to my mind - wuzge, 29.08.2005, 16:50
        • 11.-22.9.05 - Amanito, 29.08.2005, 19:13