On 4/19/2010 3:48 PM, John R. Carroll wrote:

(...)

Trading derivatives on an open exchange would cause the market to work
appropriately.

From the trader's point of view, yes? (Huge grin)

You'd be able to see the Goldman divisions operating in real time. Investors
aren't stupid, they just can't see in the dark.

Which is a great stimulus to keep the lights off.

Transparency is the key. The CFMA of 2000 turned out the lights.

And that is just the way Wall Street likes it.

--Winston