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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mike M2 who wrote (245632)4/26/2010 1:46:54 PM
From: carranza2Read Replies (2) of 306849
 
I like what the Chinese did when the time to pay up came: they or a bunch of them told them that they had been sold a bill of goods and to kindly FO.

The only way to deal with the huge amount of notional value inherent in derivatives is to allow them to survive only if they serve some sort of legitimate business interest, ie., an airline hedging its fuel costs with derivatives. Those which are purely bets should be deemed illegal and cancelled or unwound.

That would take an enormous amount of risk out of the market, kill of a few disasters in the making.

It's too sensible a proposal so it won't happen.
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