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.

Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (1301)	3/19/2009 4:59:19 PM
From: axial	Read Replies (1) \| Respond to of 2794

Clark, thanks for the thanks. I think we're all indebted to you for your longstanding watch on the derivatives issue. As to your question: "I wonder how far we are right now on the international stage from abrogating derivative contracts?" Already, we've seen the first calls for repudiation. I'm on my way out, so I can't pull up the link, but the call was based on a presumption of "fraudulence". IMO only, I certainly believe there will be more calls for repudiation, and a public "weighing" of the consequences of same. The first consequence would be destruction of the existing financial order - but on the other side of the equation, entities like South County Hospital would find themselves freed from the life-sapping consequences of a 30-year agreement. It would be a fresh start. There would be short-term and massive disruption - but quite possibly abrogation is the most sensible alternative. These are reactions, as opposed to a thought-out response. Repudiation is an intriguing idea, which I hope we can explore later in more depth. Regards, Jim