All of these problems on Wall Street could be corrected
without $700B!
What the financial markets need are completely new levels of
transparency, where all data is tracked automatically with a "Google-Powered
Sarbanes Oxley".
The problem exists because OTC Derivatives (CDO's, Swaps
& similar instruments) aren't completely transparent, and investors are no
longer willing to risk billions without knowing the underlying facts of each
derivative product.
If we increased the transparency in the market than it would
be the pension funds in Russia, Saudi Royal Families and the Chinese government
who purchase these "products", not the U.S. government.
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Sincerely,
Eric Adams
http://www.CollegeStock.com