Any Informed Borrower Is Simply Less Vulnerable

Regulation Of Derivatives Transactions That Are Privately Negotiated By Professionals Is Unnecessary.

If Prices Go Down, We Will Have Problems - Problems In The Sense Of Spillover To Other Areas.

We May Be In A Rapidly Evolving International Financial System With All The Bells And Whistles Of The So-called New Economy. But The Old-economy Rules Of Prudence Are As Formidable As Ever. We Violate Them At Our Own Peril.

Regulators Have Not Been Able To Achieve The Level Of Future Clarity Required To Act Pre-emptively. The Problem Is Not Lack Of Regulation But Unrealistic Expectations. What We Confront In Reality Is Uncertainty, Some Of It Frighteningly So...

We Need, In Effect, To Make The Phantom 'lock-boxes' Around The Trust Fund Real.