Is it truly because all the "money" will go overseas or is it because if derivitives are exposed/regulated everyone will find out what a scam it is and the ensuing political and financial uproar will tank the US stock market? Was this his veiled threat? Also why is he giving this info. to an Agricultural committee?

-- Andrew (AndrewE@hotmail.com), February 10, 2000

Answers

Link? Please.

-- Bill P (porterwn@one.net), February 10, 2000.

Andrew,
Give us a link or source to look at the speech in question.

-- Possible Impact (posim@hotmail.com), February 10, 2000.

It's not necessarily that he doesn't want to regulate them; it's that the U.S. government doesn't have jurisdictional authority to regulate hedge funds issued by foreign financial institutions. It's like trying to regulate the internet when a lot of the servers aren't in the U.S.

-- Y2kObserver (Y2kObserver@nowhere.com), February 10, 2000.

Not to mention that opening that whole can of worms to more public scrutiny might alarm a few folks.

-- Redeye in Ohio (cannot@work.com), February 11, 2000.