mlyn

Year to Date Performance of Leveraged ETFs

Tim Geithner said on the Charlie Rose Show that the financial system can no longer do business as it did in the last ten years; that regulatory controls are inevitable. Neel Kashkari said there should be a systemic risk regulator, probably the Fed.

So How did the 2X and 3X ETFs come to be with convoluted and disingenuous disclosures? How do financial products get put into the market when they are proving highly leveraged and risky. If we are automatically losing money in these leveraged ETFs, who is making the money?