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<p>[QUOTE=&quot;medoraman, post: 1364788, member: 26302&quot;]I had not really read about it. Are the 5 banks the ONLY members of the ISDA? Are they the only ones allowed to vote on what is a default? Are there international banks as well? You are throwing a conspiracy theory down on the table all laid out without one iota of background information or pertinent information regarding it. Is this conspiracy theory your own idea, or is it from some publication or blog you read?</p><p><br /></p><p>Looking it up online its a trade organization that has 820 members from 57 countries. So how does BAC manipulate that? Are you saying the 5 US banks have veto power in this group? </p><p><br /></p><p>I am simply asking how much of the details of this conspiracy theory do you REALLY know Inflexion? Have you independently verified any aspect of it? Its easy to read a blogger who wears a tin hat and believe he knows what he is talking about. Not trying to pick on you, but its terribly easy to make assumptions like this. I am not defending BAC if you have any facts, like I said I never wanted them to be my poster child on why to invest in stocks, but I refuse to allow unfounding rumors like this lies without challenge.</p><p><br /></p><p>Btw, an industry trade group can only advise within their own membership. They never have the power of a court to legally determine legal issues like &quot;default&quot;, which is a legal determination. They may have rules to guide their members, but why would they have one sided rules that hurt half their membership? Why would that membership stay in the trade organization then?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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