The only innocuous position in this market is sitting on a beach in the Bahamas.
Adam
· 1 year ago
even then you'll find out you own WaMu paper, lol
Don
· 1 year ago
In 1998, the CFTC wanted to implement oversight of OTC derivatives and create an OCC type clearing system. The Committee to Save the World -- Robert Rubin, Larry Summers, and Alan Greenspan -- along with Arthur Levitt of the SEC, were all vociferously against it. They said that by forcing companies to have standardized contracts instead of custom contracts, the US would lose its position of financial leadership to overseas markets like London and Asia. That was the end of it. The US did NOT lose its leadership position. Too bad.
Listen, I want a deregulated market as much as anybody else. But I do NOT want deregulation at the expense of counterparty integrity.
Adam
· 1 year ago
yeah, and it's just a silly argument. You can have flexible contracts with more oversight.
Procol
· 1 year ago
Let's face it, massive deregulation is only an excuse to behave badly.
Anyone that doesn't get that is a nitwit
Adam
· 1 year ago
yes. My favorite is the "shock" that the self-regulation didn't work.
Jason
· 1 year ago
So when people hedge by using derivates and then saw the oil drop $50 per barrel did they think about looking down another barrel? nomedals.blogspot.com
Adam
· 1 year ago
nice explanation. And they truly didn't seem to understand.
All Comments
Listen, I want a deregulated market as much as anybody else. But I do NOT want deregulation at the expense of counterparty integrity.
Anyone that doesn't get that is a nitwit