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

To: Worswick who wrote (282)	9/30/1998 9:12:00 PM
From: James F. Hopkins	Respond to of 2794

Thanx Worswick; This Frank Partnoy, has a better way with word's than I do. Also he has more credibility. Beyond what he's saying, how is it and what are the forces that have prevailed to have kept the SEC, and or FTC so powerless as to let this sort of thing run unchecked. Where are the threats of budget cuts coming from any time some one starts looking under the blanket into the operations of these so called sophisticated derivative markets. ------------------ I will add this, there was a time I thought if I read some of the books written by some of the Nobel laureates in economics, it might make me smarter. So I went and got several of them, and a dictionary to help me through. My God what they were saying could have been said much simpler terms, but they went to extremes using 5 dollar words to do no more than talk out of both sides of their mouth. I finally concluded this Nobel crap was all set up to over come the less educated into thinking they were dumb, and convince us these Nobel people were the only ones with answers. After reading a few of them I felt sick, man even if I could use 5 dollar words if they were to ever try to hang some Noble award on me or to rope me into endorsing that gang of parasites I would want to kick them in the teeth. It's beyond me how this Noble thing ever became such a popular icon that some people seem to worship. ---------------------- I'm glad this Frank Partnoy pointed out one of the ways that causes all of us to be victims in these derivatives scams. There can be no excuse not to have a full investigation, require full disclosure and nail down and show these blood suckers for what they are. --------------------- Jim PS, BTW you don't have to be in a fund , that just happens to own a bank, that just happens to be invested in these things, in order for it to cost you. The way this whole system is set up, if your a tax payer it comes home to you in one form or another.