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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (17986)	2/28/2009 12:12:09 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71462

Hmmm, artificial intelligence Ponzi scheme.

To: Real Man who wrote (17986)	3/6/2009 8:04:01 PM
From: axial	Read Replies (1) \| Respond to of 71462

Scholes Advises ‘Blow Up’ Over-the-Counter Contracts "Myron Scholes, the Nobel prize-winning economist who helped invent a model for pricing options, said regulators need to “blow up or burn” over-the-counter derivative trading markets to help solve the financial crisis. The markets have stopped functioning and are failing to provide pricing signals, Scholes, 67, said today. Participants need a way to exit transactions and get a “fresh start,” he said. The “solution is really to blow up or burn the OTC market, the CDSs and swaps and structured products, and let us start over,” he said, referring to credit-default swaps and other complex securities that are traded off exchanges. “One way to do that, through the auspices of regulators or the banking commissioners, is to try to close all contracts at mid-market prices.” Scholes also recommended moving the trading of credit-default swaps, asset-backed securities and mortgage-backed securities to exchanges to allow for “a correct re-pricing” of the assets. A total of $531 trillion in outstanding derivatives contracts traded over-the-counter as of June, according to the Intl. Swaps and Derivatives Assoc." bloomberg.com Jim