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The Case for Derivatives

We have a functioning, regulated derivatives market called OPTIONS.
There are limits on number of contracts, forced transparency and limits on leverage. These other contracts, based on models, collateralized by a promise, unregulated, opaque, vehicles for commissions, and leveraged to the sky have destroyed this economy.
Dont you all look like math geniuses now- math models for derivatives are an oxymoron- the point of the markets is that you cannot fashion one.