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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (146974)9/16/2008 1:32:28 PM
From: Ken98Read Replies (1) | Respond to of 306849
 
Sir Alan waxing on joys of derivatives (and oldie but a goodie) as we sit on the edge of the derivative abyss:

<<In conclusion, the benefits of derivatives, in my judgment, have far exceeded their costs. Derivatives unquestionably do pose risk-management challenges to market participants. But those challenges are manageable and thus far have generally been managed quite well. The best way to ensure that those challenges continue to be met is to preserve and strengthen the effectiveness of market discipline. Market incentives, in particular, reinforce the importance of reputation and trust as sources of market value. >>

federalreserve.gov