Wednesday, June 25, 2008

The Debts of the World: Finally Someone Defends the Speculators

Politicos have been riding roughshod over "evil speculators" for some time now. Finally an industry executive has the courage to come out and say the obvious - that government employees and political pandering live in a fantasy world all their own. For regulators to ban all except those who take physical possession is to dramatically reduce liquidity.