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Pastimes : All Clowns Must Be Destroyed
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To: Lymond who wrote (34928)5/23/2000 7:52:00 PM
From: yard_man  Read Replies (1) of 42523
 
I think if there were more disclosure (thank you Mr. Greenspan) and not less, bankers would be more likely to use these instruments in a legitimate fashion to hedge and a counter-party's ability to make good (under dire situations) would be under scrutiny as well.

As it is with no disclosure -- Orange County is going to be repeated at a larger and larger scale ...

I think there is due cause to be concerned about impacts to the whole US financial system ...
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