[jonrick46]

I look as the derivatives market as a highway upon which rode the economy. I would not blame those who used the highway. When the highway became crowded, the chances for crashes increased. Those who crowded the highway were not greedy; they were only dependent upon it for their livelihood. It was those who allowed the highway to stay the same, without improvements, who caused the crash. There are numerous highways that facilitate Capitalism. The derivatives market is one highway that failed because of a design flaw. It is the design flaw; not Capitalism that needs correction. When the highway failed, the supply of capitol failed too. Capitol is the gas that makes things go down the highway. The failure of the Obama Administration was to restrict the production of new capitol. by rolling back taxes and regulations. One good start would be to enable drilling for oil in this country.

[givemELL]

Apprecieate your comment. A regulated highway with sustainable leverage ratios of 10:1 would have prevented unregulated crowding and the crashes we have experienced. We had the regulation...we deliberately took the traffic lanes away and allowed a highway of anyones’ desired width with no speed limits and no directional controls...regulations used to exist. They were eliminated so uncontrolled, rapid growth could generate previously impossible to imagine profits. Greenspan wanted a housing bubble to recoup the $7 trillion in losses with the 2000 Dot.com crash. We now are paying the price for that and MORE. This was clearly preventable. A return to regulation, transparency and disclosure is being resisted with understandable reason, but we will have no solution without disclosure and disposition and much talked about transparency. In the meanwhile there is MUCH pain yet to come..it is inescapable.