[lbo-talk] Capitalism on Derivatives?

c b cb31450 at gmail.com
Mon Mar 1 12:14:01 PST 2010


Marv Gandall

There's been a lot of talk about moving bilateral over-the-counter derivatives onto exchanges and clearing houses to eliminate, or at least greatly reduce, counterparty risk. Though traders will always find ways to bypass such institutions, this has always been high on the list of those pushing for regulatory reform of the financial system. How effective (or not) would centralized trading and settlement of CDO's and other shadowy OTC instruments have been in averting the crisis?

^^^^^^^^ CB: Was this crisis avoidable or was it the type of crisis that is inevitable periodically/cyclically ?



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