"John R. Carroll" wrote in message
...
Bill McKee wrote:
"Przemek Klosowski" wrote in message
...
On Mon, 19 Apr 2010 14:48:20 -0800, John R. Carroll wrote:

Trading derivatives on an open exchange would cause the market to
work appropriately.
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.
Transparency is the key. The CFMA of 2000 turned out the lights.

Agreed, even with transparency it may be hard to compete with them.
Do you know that major stock exchanges sell co-location space in
their computer enters, which gives big players who can afford it a,
say, 1ms latency to the transaction stream instead of 1 s that
everybody else sees? Remember the Russian guy who was arrested for
stealing computer code from Goldman Sachs

http://www.wired.com/threatlevel/2009/07/aleynikov/

He was doing this kind of thing. No wonder GS went ballistic, and FBI
obliged.

Warren Buffet has $63 Billion of CDO's. He is asking for the existing
contracts to still be traded off exchange. Well we are for the law,
just exempt us. Nice.

Buffet is concerned with the consequences of AIG's, BofA's, Citi's and
Goldman's crap will have on Berkshire's valuation as a company. I doubt
that
what he's holding is toxic because of the research BH always does on what
they own. That won't matter, of course. Collateral damage has been the
boogie man behind nearly every action that's been taken to get a handle on
financial markets.


--
John R. Carroll



Does not matter if they are toxic or not. Is the principal. Publically
support the law and then try to be exempt from same law. What would you say
if Obama said they would regulate every bank, and then give an exemption to
his advisors favorite. Goldman-sachs?