Derivatives for Farmers
In the continuing congressional saga in which each and every committee tries to grab a piece of the financial crisis, the Senate Committee on Agriculture, Nutrition, and Forestry is holding a hearing on derivatives.
And this, actually, makes some sense (certainly more sense than "the Science of Insolvency" hearing). Farmers have been using derivatives since long before AIG got into credit default swaps. Pork futures, for instance, are a derivative. Which is a useful reminder that derivatives can be very complicated, or they can be pretty simple. A world in which the more exotic strains of derivatives are penned up is not a world in which basic derivatives will cease to perform their basic functions.
June 4, 2009; 2:36 PM ET
Categories: Financial Crisis
Save & Share: Previous: Why the Public Plan Is a Fundamentally Conservative Idea
Next: As Long As Everyone is in Agreement
Posted by: rortybomb | June 4, 2009 4:13 PM | Report abuse
The comments to this entry are closed.