All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: yard_man who wrote (34934)	5/23/2000 8:11:00 PM
From: Lymond	Read Replies (1) of 42523

Well, Orange County had no significant impact on the system overall. And I question your use of the word legitimate; banks are in the business of taking and distributing risk, after all. But I agree that better disclosure on both sides of the equation is highly desirable. I do not wish to imply that derivatives pose no risk, systemic or institution-specific. But I disagree with the notion that derivatives in and of themselves pose an outsized threat to the overall financial system -- a proposition with which I suspect many on this thread will disagree.

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