I sure hope that the call for insurance has nothing to o with “real” insurance. They must be thinking of FDIC-type coverage. I don’t see a viability for insuring futures or for any other sort of commodity exchange. Trading one form of regulation for another won’t work either.
Don’t stop the criminals with the right kind of regulation and oversight.
Just pass it on to the farmers and consumers to make them buy expensive insurance. And then we can watch the farmers go belly up, because they can’t afford the insurance. And then lets talk about grain shortage, because it will be too expensive to grow.
I sure hope that the call for insurance has nothing to o with “real” insurance. They must be thinking of FDIC-type coverage. I don’t see a viability for insuring futures or for any other sort of commodity exchange. Trading one form of regulation for another won’t work either.
Really?
Don’t stop the criminals with the right kind of regulation and oversight.
Just pass it on to the farmers and consumers to make them buy expensive insurance. And then we can watch the farmers go belly up, because they can’t afford the insurance. And then lets talk about grain shortage, because it will be too expensive to grow.
It appears that there IS in fact a $100 million insurance fund for these types of situations.
http://blogs.wsj.com/deals/2012/07/11/cme-to-open-fund-set-up-after-mf-global-for-peregrine-clients/