Media Appearance: Dylan Ratigan Show (12/6/11)


This afternoon ~4:15pm we will be discussing the EuroZone, Derivatives and Swaps.

Bullet points:

• Swaps and Derivatives serve a purpose, but thanks to CFMA legislation, they were radically deregulated.

• These look like Insurance products, only they lack the infrastructure. No oversight, little in way of guarantees or reserves.
• There is an ongoing counter-party risk. Its a zero sum game with specific winners and losers, and if you win too big, there may be no money from the loser to pay you.

More to come later.


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