re: #1 000G

I call bullshit. There is no need to rely on fraud for a vibrant economy. Though I will admit that fraudulent activity can give birth to bubbles that will temporarily “speed up” an economy… but payback is always going to be hell.

Securitzation et. al. are not fraudulent. How they are bought, sold, mis-rated, uninsured and unregulated may lead them to be used in a fraudulent manner.

Mostly, IMHO, their “theoretical” nature defies any simple understanding and they should not be traded by those not educated to do so.