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How to Regulate Derivatives: Barry Ritholtz

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:15 PM ET

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Derivatives Regulation

The Big Picture:

Any plan that seeks to reverse the unregulated wild west that derivatives have existed in since 2000 must have a simple beginning: Repeal the Commodity Futures Modernization Act.

This ruinous and corrupt legislation, pushed through by the Bonnie & Clyde of deivatives, Enron Board member Wendy Gramm, and her astonishingly clueless ideologue husband, former Texas Senator (and current UBS member) Phil Gramm, lay at the heart of the current derivatives debacle.

Read the whole story: The Big Picture

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Any plan that seeks to reverse the unregulated wild west that derivatives have existed in since 2000 must have a simple beginning: Repeal the Commodity Futures Modernization Act. This ruinous and c...
Any plan that seeks to reverse the unregulated wild west that derivatives have existed in since 2000 must have a simple beginning: Repeal the Commodity Futures Modernization Act. This ruinous and c...
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690 Fans
03:53 PM on 10/10/2009
You Nailed it!

CDS investment insurance is a huge fraud!

Thanks to Grahm's unregulated of CDS, the derivatives market from 10% of the market to 10 times the stock market,

CDS are the problem.

See my profile learn about CDS.

Outlaw all Derivatives,

Leave the Banksters no choice but to invest in Main Street.

Prosecute the Banksters for Fraud.

Nationalize the too big to fail banks, reorganize them and privatize the pieces.
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Name Not In Use
278 Fans
05:10 AM on 10/10/2009
For starters ... the taxpayers should not buy this worthless paper via "Fed" activities like TARP and others less well publicized.

Nothing will change until personal fortunes - worldwide - are seized and butts go into the slammer for decades.
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MyTalkRadiou
0 Fans
03:20 PM on 10/09/2009
Obama needs to do actual reform instead of just talk & plan

good articles: http://br.st/tU

~~
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Artos
Down with Tyrants
946 Fans
10:44 PM on 10/08/2009
Even better idea, they shouldn't be allowed. There are far too many opportunities for crooks to find loopholes in anything if they want to. The real problem is that the Law is not really as ironclad as Legal Beagles would like for us to believe. They started that myth as a way to protect their livelihoods. The surest way to put a stop to crooked behavior is to punish those who break those laws ,severely. If the punishment for White Collar Criminals was as severe as that meted out to Blue Collars then perhaps we could say the law was equal. We have so many crooks getting away with murder because The law is far too easy on White Collar Crime.
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ecomyruin
0 Fans
02:18 PM on 10/08/2009
we can do better.

good articles; http://iamned6.blogspot.com
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