Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (29768)	10/10/2008 3:08:52 PM
From: DuckTapeSunroof	Respond to of 71588

Yes, I saw that. The CME putting it's weight behind setting up a public market (with transparent price discovery and a regulated exchange to stand behind clearing) is a very good thing. First step toward resolving the CDS disaster. I'm sure it will take time though.... PS --- did you see this long article discovering the history behind the fact of how these markets were allowed to grow to world-eating global systemic risk size... all with regulators banned from the beat? Greenspan (& Rubin, among some others such as Gramm) fought for years to keep the CFTC (or anyone else) from the market... while it grew to $60 Trillion or so.... (Exceeding annual global GNP in notional value if the self-reported surveys are to be believed, although that's a difficult figure to get my head around.) Who would have thought that a MERE $60 Trillion or so could pose a destabilizing risk to the system??????? :-) Taking Hard New Look at a Greenspan Legacy Message 25052718