Major Reset? Get rid of all derivatives

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Gill's picture
Status: Member (Offline)
Joined: Jul 27 2009
Posts: 3
Major Reset? Get rid of all derivatives

CM has talked a lot of a major reset.  How about getting rid of all derivatives... nothing backed by anything else, no futures, options... no selling "insurance" or betting against  mortgages (GS) or countries (greece).... freeze all trades for a week while everyone gets rid everything at frozen prices.....  Just direct purchase of assets (bullion) simple shares in companies and maybe simple bonds.   A probably impossible feat... but it would be very refreshing would it not?

FinPro's picture
Status: Bronze Member (Offline)
Joined: Oct 20 2009
Posts: 49
Re: Major Reset? Get rid of all derivatives

That would be rash.  What about all the farmers and their corn? Wink

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