“Sounds like someone has a *severe* gambling problem.
After all, that’s essentially what derivatives trading amounts to.”
Didn’t you know that they are valuable products that provide for an efficient market./S
Any product that is not based on real value should not be allowed in any form.
Reinstate Glass-Steagall 1933. Anyone with common sense knew that when it was modified it was going to be trouble. The gamblers were out to soak the rubes just like Las Vegas. I don’t feel the least bit sorry for the high flyers on WS because were paying and they are getting their bonus checks.
They got their money early, when it still has (had) value.
The earlier you get money in a Ponzi scheme, the better. The rest of us are taxpaying chumps who have been involuntarily assigned to make up the broad base of the Ponzi fraud pyramid.
Reinstate Glass-Steagall 1933. Anyone with common sense knew that when it was modified it was going to be trouble. The gamblers were out to soak the rubes just like Las Vegas. I don’t feel the least bit sorry for the high flyers on WS because were paying and they are getting their bonus checks.””
Clinton destroyed Glass-Steagall.