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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (71630)12/9/1999 5:25:00 PM
From: BGR  Read Replies (2) | Respond to of 132070
 
Wayne,

And if he raised after the expiration, then he would be blamed to be responsible for blatant transfer of wealth from the banks to those who were holding the other side of the trades. In a zero sum game, someone always loses. The lesson that speculators should take home is that it is wise not to speculate. BTW, I thought that speculators were in need of some tough love, no? Well, there you go, then!

And how exactly is Greenspan responsible for the house of cards built on derivatives? It doesn't even fall under his jurisdiction for crying out loud! That's the job of the SEC to regulate.

-BGR.