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01-28-2010, 10:44 PM #1
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Financial Crisis Triggered Shock and Awe Response for Accoun
Financial Crisis Triggered Shock and Awe Response for Accounting Driven Recovery
Stock-Markets / Credit Crisis 2010 Jan 28, 2010 - 06:29 PM
By: Gordon_T_Long
SHOCK & AWE
Beginning in October 2007, the world has survived a Financial Crisis like no other in modern times. It is the first truly Global Financial Crisis ever experienced. This crisis brought to light a vast array of financial instruments (CDO’s, CDS’s, CLO’s, etc.) being offered by murky financial entities (SIV’s, VIE’s, SPE’s, QSPE’s etc.) that were completely unregulated, often offshore, always off balance sheet and never traded through any regulated exchange. None of these are regulated nor understood by sovereign governments. Minimally, this is a recipe for fraud. But definitely, it has been a modern day financial “wild westâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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