Daily Options Report - Latest Comments in The OCC

Re: The OCC

Adam — Mon, 29 Sep 2008 14:06:08 -0000

nice explanation. And they truly didn't seem to understand.

Re: The OCC

Jason — Mon, 29 Sep 2008 13:52:07 -0000

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

Re: The OCC

Adam — Mon, 29 Sep 2008 11:05:43 -0000

yes. My favorite is the "shock" that the self-regulation didn't work.

Re: The OCC

Procol — Mon, 29 Sep 2008 10:32:43 -0000

Let's face it, massive deregulation is only an excuse to behave badly.

Anyone that doesn't get that is a nitwit

Re: The OCC

Adam — Mon, 29 Sep 2008 07:54:44 -0000

yeah, and it's just a silly argument. You can have flexible contracts with more oversight.

Re: The OCC

Adam — Mon, 29 Sep 2008 07:52:35 -0000

even then you'll find out you own WaMu paper, lol

Re: The OCC

Don — Mon, 29 Sep 2008 05:57:39 -0000

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.

Re: The OCC

Procol — Mon, 29 Sep 2008 00:10:55 -0000

The only innocuous position in this market is sitting on a beach in the Bahamas.