What is Rule #1?
1. Politicians and governments can and will change the rules anytime they want, perhaps on a daily basis (moving the goal posts, retroactive rules, moving targets)
Now do you think that the OTC derivatives market will be allowed to fail without more bailouts and rules changes by the Fed, US Treasury and big banks?
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.