Jump to content

What Was The World Thinking?


Parsad
 Share

Recommended Posts

Story on how Greece is said to have arranged swaps with 15 different investment banks:

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aViC_3fxSWK8&pos=3

 

How is it possible that the world allowed a derivatives market of $60 trillion dollars and there was no oversight, regulatory body or clearing house?  What the hell was everyone thinking!  Cheers!

Link to comment
Share on other sites

Parsad, CDS and other hedging tecniques allowed entities to turn inherently risky investments to be turned into investments with no more risk than the least risky investments, US treasuries, the final irony is that these investments have rapidly been turned into US treasuries and US treasuries have become much riskier as a result.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...