I guess in this market, you could sell 1000 naked calls with 0 collateral to cover delivery.
I could see why they do not want this regulated and through a clearing house. Because how would you be able to sell 1000 naked calls if you do not have the minimum margin requirements.
I suspect there is a lot of institutes naked with no backing and the moment this shit is put out in the open it will cause a big fucking mess. Trillions upon trillions.
this is why the markets keep repeating history. Remember at the beginning of the year everybody said if we tried todo reform now it would cause a depression. We should wait till the storm has calmed. Now the stormed has pass everybody now saids we should have done it then. People have short memories, and thankgod if people dont we would never be able to make money. But yeah very short memories.
Quote from maxpi:
This administration has it's priorities all wrong. The necessary financial re- regulation should have been their first priority, health care next year maybe.. oh wait, all the White House cabinet are from Wall Street.. never mind..
