Capital Raising Function News Today

Critical question which is what purpose does it serve. most of the other markets you talked about are there to create capital raising function. so much of the swap market, the credit markets, now are revolving around these arcane products that dont do anything other than permit people to bet in a casino without having any real social utility. and so you ask the yes why are we even supporting it. and what wouldnt we do better just to eliminate it. >> i asked dick, he used to run the new york stoc...