Wednesday, March 25, 2009

Government failure in the derivitive market

Private property must be protected and tracked under a legal system of contracts. In this regard, the government failed in its primary responsibility, which is to protect people and their property.

In the link below, DeSoto clearly explains the problem with derivatives and the need for all traded paper to be recorded to ensure document/property transparency.

http://online.wsj.com/article/SB123793811398132049.html

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