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Honeywell executive testifies at Senate hearing on futures trading....UP TO THEIR ASS IN DERIVATIVES EXPOSURE

 
Uncle Fuck Stick
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07/18/2013 10:34 PM

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Honeywell executive testifies at Senate hearing on futures trading....UP TO THEIR ASS IN DERIVATIVES EXPOSURE
Thread: cant STRESS ENOUGH about how many times ive heard THAT WHEN you HEAR of the DERIVATIVES in THE NEWS.....watch THE FUCK OUT...economic 9-11 event

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Thread: uh-oh BLOOMBERG NEWS IS REPORTING DERIVATIVES COLLUSION Story ...the more press it gets the more higher probability of panic

[link to www.dailyrecord.com] WASHINGTON — Honeywell International is exposed to a number of market risks, such as changes in interest rates, foreign exchange rates and commodity prices, because of its global reach, the company’s assistant treasurer told a Senate committee Wednesday.

Jim Colby made his comments to members of the Senate Agriculture, Nutrition and Forestry Committee at the first of what’s expected to be a series of hearings on reauthorizing the Commodity Futures Trading Commission, an independent agency that regulates the futures and options markets.

Colby noted that more than half of Honeywell International’s sales are outside the U.S. in discussing his company’s use of the derivatives market.

“When appropriate, we hedge exposures through the use of derivative contracts,” he said. “The purpose of our hedging activities is to eliminate risks that we cannot control, allowing us to focus on our core strengths, namely delivering high-quality products, on time, to our customers.”

Honeywell, based in Morris Township, makes commercial and consumer products, including engineering technology and aerospace systems.

Colby, who also was speaking on behalf of the Coalition for Derivatives End Users, urged senators to pass legislation that would provide companies like his with an exception from margin requirements.

“Without swift action by the Senate on this legislation, which passed the House with an overwhelming bipartisan vote in June, non-financial end-users will be forced to divert capital away fro

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Uncle Fuck Stick (OP)
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07/19/2013 10:37 PM

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Re: Honeywell executive testifies at Senate hearing on futures trading....UP TO THEIR ASS IN DERIVATIVES EXPOSURE
bump
Uncle Fuck Stick (OP)
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01/10/2014 07:26 PM

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Re: Honeywell executive testifies at Senate hearing on futures trading....UP TO THEIR ASS IN DERIVATIVES EXPOSURE
this is important because i have learned that all major corporations have to use derivatives in order to trade globally ....so when that bubble bursts it takes down corporations as well... not only pensions, bonds, banks
Uncle Fuck Stick (OP)
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01/10/2014 07:30 PM

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Re: Honeywell executive testifies at Senate hearing on futures trading....UP TO THEIR ASS IN DERIVATIVES EXPOSURE
this is important because i have learned that all major corporations have to use derivatives in order to trade globally ....so when that bubble bursts it takes down corporations as well... not only pensions, bonds, banks
 Quoting: Uncle Fuck Stick


perhaps why the TPP is so important....to protect the fucking corporations from global fuck meltdown while the global citizenry burns ha ha ha funny funny violent

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