http://dollarsandsense.org/blog/2008/05/former-imf-head-condemns-finance-sector.html The Blog for Dollars & Sense Fri, 13 Apr 2012 07:37:21 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://dollarsandsense.org/blog/2008/05/former-imf-head-condemns-finance-sector.html/comment-page-1#comment-110 Anonymous Sat, 17 May 2008 20:11:00 +0000 http://dandsblog.wordpress.com/2008/05/15/former-imf-head-condemns-finance-sector#comment-110 Perhaps what Mr. Koehler refers to is the fact that many banks, especially US banks use derivatives for leveraging markets creating speculative positions that inflate a commodoties real value.</>Of course this is something, the oil companies have become adept at as well, among others. The rational and basis for inflating oil prices has not changed dramatically in the last several months. THerefore the driving engine for the outragious price of fuel and particularly gasoline is the derivatives market.</>Something Mr. Bush and cronies are well aware of and blame market conditions. AVARICE is like cancer its growth leaves the victims helpless. Perhaps what Mr. Koehler refers to is the fact that many banks, especially US banks use derivatives for leveraging markets creating speculative positions that inflate a commodoties real value.Of course this is something, the oil companies have become adept at as well, among others. The rational and basis for inflating oil prices has not changed dramatically in the last several months. THerefore the driving engine for the outragious price of fuel and particularly gasoline is the derivatives market.Something Mr. Bush and cronies are well aware of and blame market conditions. AVARICE is like cancer its growth leaves the victims helpless.

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