Fireside Chat with Paul Gallagher

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Lawrence Henni commented 2017-02-02 20:39:56 -0500
Separating banking activities is not the only thing to be done with derivatives.
Lawrence Henni commented 2017-02-02 20:31:08 -0500
Issuing money to derivatives is giving value to negative value. Derivatives are broken products that can be recalled. When a brand new car is sold, and there is a defective or broken part in the car, the manufacturer of the car pays for the costs to replace the broken part, all the costs. Of course derivatives are not to be replaced with some other contract that gives one the right to get value where no value is issuable. This is a value regulation issue by nature. Would a National Bank make it easier for the Congress to regulate the value of money?
Lawrence Henni commented 2017-02-02 17:57:47 -0500
Can derivatives products be recalled like automobile recalls? A defective product is a defective product, lol.
David Dobrodt rsvped 2017-02-02 16:50:28 -0500
Gerald Pechenuk rsvped 2017-02-02 14:16:46 -0500