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Are Derivatives Financial “Weapons Of Mass Destruction”?

April 26, 2017derivatives financial weapons of mass destruction

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Are Derivatives Financial “Weapons Of Mass Destruction”?

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In 1988, the then-Fed chairman Alan Greenspan stated, “What many critics of equity derivatives fail to realize is that the markets for these instruments have become so large not because of slick sales campaigns, but because they are providing economic value to their users.”