deepfoo: @ProbablePattern Odd thing about the crisis is that many firms knew what blow-up potential was, but pressed it anyway.

deepfoo: @gappy3000 Hard to imagine bond sitch isn't going to turn into last bubble in cycle that retail investors, who created it, become trapped by

deepfoo: @ProbablePattern More the unhealthy codependent relationship fin has with Fed and vice versa

deepfoo: @ProbablePattern Private risk taking should not become socialized losses.

deepfoo: @ProbablePattern Not at all sure what you mean.

deepfoo: @ProbablePattern How about not having let derivatives grow to about 500 times value? That's more my point.

deepfoo: @CMastication Those critters don't stand a chance...

deepfoo: @ProbablePattern And in that respect leverage excesses were the step-child of similar very poorly conceived monetary and political policy.

deepfoo: @ProbablePattern And for the record on my end, there are no single solutions.

deepfoo: I somehow ended up on the LL Bean Hunting catalog list.

deepfoo: @ProbablePattern Yup, consequences are a good thing.

deepfoo: @zerobeta Wow. Well, I used to have flickering tick nightmares.

deepfoo: We can expect global food prices to jump.

deepfoo: @pkedrosky Funny isn't it.

deepfoo: @pkedrosky True. I guess I was thinking more about weather and climate effects.

deepfoo: Excess leverage enhances momentum effects in both directions.

deepfoo: As it happened spoke to a retail trader from UK here last night.

deepfoo: My view is that the crisis was purely greed based with cheap money and insane leverage levels.

deepfoo: Would any fund or trader in their right mind ever take a risk if it could come back years later to haunt them at discretion of investor?

deepfoo: The root of the issue is long-term clawbacks.