$(document).ready( function () { talk_rendercallback({"enabled":"0","islive":"0","eid":5576,"total":"8","discussion":[{"nm":"Joshua Stowers","rs":"0","ms":"To suggest that the 600 trillion dollar derivatives market should not be regulated is idiotic. Here we have brilliant financial minds working with no transparency, basically placing bets on the values of securities. The level of speculation that occurs in this process has, over time, lead to an ability by these institutions to sway the market in one direction or another, simply by betting on whether a value will go up or not. Not to mention the clear agency problem that is present when the lending institutions and the banks have their hands deep enough in one anothers\' pockets to determine how happy their wives are. If we don\'t see a well-planned regulatory process emerge from this situation, then the small amount of faith I still have in our government will diminish.","pt":"Feb 25, 2010 14:50"},{"nm":"Chrissy","rs":"0","ms":"The way I see it, we keep expecting the same people (congress, advisors, and others) to make the changes we need to improve our economic conditions.  But isn\'t the definition of insanity "doing the same thing over and over and expecting a different result."  Real improvements will only come with real change, and if that means dumping the representatives and congressmen and women that have been in office for years and years, and dumping the economic advisors that have been around since the Greenspan days, then so be it!  It truly is time for change!!","pt":"Nov 22, 2009 13:03"},{"nm":"Lew Szerecz","rs":"0","ms":"What will it take to have "government of the people, by the people, for the people" (The Gettysburg Address) in this country?","pt":"Nov  7, 2009 00:18"},{"nm":"weldie  MIHRETU","rs":"0","ms":"Hope that the new group in the new administration was set up with the conviction that “it takes a thief to catch a thief”","pt":"Oct 30, 2009 20:13"},{"nm":"Susan Arnett","rs":"0","ms":"This shows what arrogance can produce!  If the "Working Group" had actually ben working "For The People" instead of putting their own interests first, and allowed some transparency this would NOT have been such a calamity. They arrogantly felt they were entitled to benefit from a runaway market., They wouldn\'t even entertain the thought that they should do some due diligence in exploring  a "women\'s" concern over a risk.  They dismissed her, because it was in their interest not the country\'s interest. They should be going to jail for dereliction of duty not going back to the White House!","pt":"Oct 26, 2009 00:56"},{"nm":"nick salzetti","rs":"0","ms":"After watching this program, I understand the basics of what derivatives are.  What I don\'t understand is why Obama chose the same economic team who shared the same ideology as Alan Greenspan to get us out of the financial mess we are now in.  The same people who during the Clinton administration fought so hard for deregulation when it is now clear that we need more regulation are the one\'s who are supposed to make a complete 180 degree turn around and bring more regulation to wall street.  People who made very big mistakes in the mid 90\'s all the way to the biggest recession since the great depression, who have cost the american taxpayers obscene amounts of money, are rewarded by our latest president who I voted for, are supposed to get us out of this mess.  Am I the only one who thinks this is crazy?\n\nNick in seattle","pt":"Oct 24, 2009 01:44"},{"nm":"steve","rs":"0","ms":"This story is scary enough,but were getting to do this all over again.Congress is still clueless and continues to play dumb or is it dumb?There still taking money from banks and passing it out like candy.This is our money,wake up AMERICA stand up to Con gress they don\'t care about you or this country,Only relection.Same players same plays,they just got caught.Sicken by all this.","pt":"Oct 22, 2009 14:13"},{"nm":"John McGrail","rs":"0","ms":"Having missed the boat in the 90\'s I hope we don\'t squander the opportunity to pass legislation that would allow transparency in this area of OTC derivatives.\nWe may even want to curb some of the excess use of these instruments. After all, most of these transactions have morphed from covering downside risk to side bets for profit. When all is said and done we ended up with trillions of useless financial paper. Sad commentary on our allocation of capital in this country.","pt":"Oct 21, 2009 17:30"}]}); });