monk

Coming Soon: A Central Clearing House for Credit Derivatives

Yes THANK YOU! Apologize a late night error
LETTING THE * INVESTMENT BANKS* SET UP AN OTC MARKET THAT IS UNPROVEN (FOR INVESTMENT BANKS) AND EXTREMELY IMPORTANT IS LIKE LETTING A FOX GUARD THE HEN HOUSE.



- The investment banks have proven incapable of policing themselves - Thus any major ownership of an exchange OTC etc would not create a true bona-fide transaction as exhibited by the recent Auction Rate Securities alleged Fraud and BSC's lack of "arms length transactions" between BSAM and BSC - a real sham IMHO (online.wsj.com/public/...) THE LIST GOES ON AND ON.