> The goal of this overpriced unit of risk is to overcome the gambling
> conduct that we have witnessed and the consequent massive defaults.
Hi Alejandro:
Gambling (risk-taking) is inherent in the commodity-form. The most that
one can do is to take actions which are believed ex ante to reduce the
risk. If you want to "overcome gambling conduct", you have to overcome
the market.
In solidarity, Jerry
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Received on Thu Nov 13 16:35:22 2008
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