Derivatives regulation: Understanding the rules of the game
Acton Institute
by Oskari Juurikkala
12/03/08
In a recent meeting on financial system reform, President Bush defended ‘free markets, free enterprise and free trade.’ Very well. But one must not forget that without moral principles and virtue, freedom is but a mask for iniquity. This has been clearly seen in the market for complex financial derivatives. Advocates for the deregulation of financial derivatives argue that it encourages innovation, which is good for the economy. That may be so. However, not all innovation is helpful. The atomic bomb was an incredible technological innovation...
http://tinyurl.com/5qyrk8
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=derivatives
http://freepage.twoday.net/search?q=deregulation
http://freepage.twoday.net/search?q=Oskari+Juurikkala
by Oskari Juurikkala
12/03/08
In a recent meeting on financial system reform, President Bush defended ‘free markets, free enterprise and free trade.’ Very well. But one must not forget that without moral principles and virtue, freedom is but a mask for iniquity. This has been clearly seen in the market for complex financial derivatives. Advocates for the deregulation of financial derivatives argue that it encourages innovation, which is good for the economy. That may be so. However, not all innovation is helpful. The atomic bomb was an incredible technological innovation...
http://tinyurl.com/5qyrk8
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=derivatives
http://freepage.twoday.net/search?q=deregulation
http://freepage.twoday.net/search?q=Oskari+Juurikkala
rudkla - 4. Dez, 09:10
