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That's a terrible idea. Destroying liquidity and masking market volatility. You don't destroy your clock when upon looking on it you figure you don't have enoug
by meric 14y ago
That's a terrible idea. Destroying liquidity and masking market volatility. You don't destroy your clock when upon looking on it you figure you don't have enough time. The clock is the only thing telling you time is running out.
What you have to do instead is legislate and enforce transparency in all global organisations and put in jail high level executives who (may have) turned a blind eye to deliberate borrower misrepresentation (may be fraud) in investment banks and which on-sold those loans on to investors, knowing the risk of those loans were understated.