When the $1 QUADRILLION plus derivatives market fails, the inventor of the financial weapon of mass destruction known as the derivatives market- Blythe Masters could quite literally surpass Lenin and Mao Tse-tung as the person responsible for the greatest loss of human life in history.
The Columbia Business School recently conducted an interactive debate entitled ?Financial Innovation: A Risky Business?? with the aforementioned Blythe Masters of JPMorgan, along with Barny Frank, Gary Gensler, and a panel of experts debating the merits of financial innovation.
The one thing we can say with certainty after watching the 65 minute discussion/debate: (other than that there is a reason that Joe-6 Pack has no comprehension of what is facing the derivatives and entire financial market when the first domino fails) is don?t expect the CFTC led by Goldman alum Gensler to take ANY action against Blythe?s commodities division at JPM over alleged silver manipulation.
Full nausea inducing discussion on the merits of financial innovation below:
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Check out these similar articles:
- The JP Morgan Guide to Credit Derivatives- Blythe Masters
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- Wall St. Pirates of the Obscene: Blythe Masters
- Blythe Masters to Lead Regulatory Affairs at JPMorgan Chase
- Blythe Masters At The Bat
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