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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (104780)	11/23/2009 10:01:51 AM
From: John McCarthy	1 Recommendation Respond to of 116555

In answer to your question. No. Now lets look at the 1998 paper (pun) thingie . The regulation of OTC derivatives Purpose: Conclusion In conclusion, the Board continues to believe that, aside from safety and soundness regulation of derivatives dealers under the banking or securities laws, regulation of derivatives transactions that are privately negotiated by professionals is unnecessary i.e. no regulation Me: Suppose a "manipulator" screwed with the price of gold. Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise. To sum it up: (a) __NO__ CONTROLS (b) __NO__ AUDITS (c) __I decide when__ to step in and lease gold under the pretext of countering "MANIPULATORS" We see this different. Ironically - I acknowledge that the FED "may" want the dollar to get pounded right now although I don't understand why. federalreserve.gov regards John