“And I don’t mean hedged with your awesome wiz-bang trading algorithms. It must be hedged with cash equivalents (T-Bills )for the maximum exposure possible. Yes its very expensive to keep that much cash on hand,but tough luck,its still better then waiting for Tax payer bailout — that’s capitalism.”
I despise your mindset. I despise your fear and ignorance of derivatives. Your mindset is solidly in the mainstream for a Democrat. Your mind needs to be made right.
I despise the lack of honesty and honor of the financial industry. You're Wesley Mouch in the flesh.
The only person who has ignorance of derivatives its YOU,since you don’t understand the risk of the tool with which you are trading. Just like if you go hunting you need to understand the risks and and dangers of your gun,and you have to manage those risks, that innocent by standers don’t get hurt.
Its not “fear” or “phobia” its risk management, derivatives are very useful tools,and speculation is good since it creates liquidity in the marked,however trading naked derivatives is very dangerous, if amounts are small its only danger to your job or to your firm if amounts are large its danger to whole country, I am not sure why its so hard to understand.