Comments on: Causes of 2008 Financial Crisis http://www.siusic.com/wphchen/causes-of-2008-financial-crisis-322.html Random thoughts and news by Andrew Chen and friends Fri, 30 Jul 2010 21:52:24 +0000 http://wordpress.org/?v=2.5 By: Abdullah http://www.siusic.com/wphchen/causes-of-2008-financial-crisis-322.html#comment-60418 Abdullah Mon, 18 May 2009 19:15:39 +0000 http://www.siusic.com/wphchen/?p=322#comment-60418 Dear Christina, I think that was the authour's opinion. Please, If you have an analysis really I'd like to read it and I will appreciate that if you have a convincing opinion. Dear Christina,

I think that was the authour’s opinion. Please, If you have an analysis really I’d like to read it and I will appreciate that if you have a convincing opinion.

]]> By: christina http://www.siusic.com/wphchen/causes-of-2008-financial-crisis-322.html#comment-42948 christina Thu, 20 Nov 2008 15:36:23 +0000 http://www.siusic.com/wphchen/?p=322#comment-42948 sorry to say that two of the three listed three are not justified in any sense. 1/ yes, derivatives are supposed to be zero-sum game but you are trying to confuse derivatives with financial industry as a whole. a zero-sum game doesnt mean its worthless. dont overlook their hedging function. 2/ as you have shown your inadequate knowledge of how financial market works & its relationship with society, the last reason can be dismissed easily. you need thorough understnading of both econ & fina to name the causes. i dont mean to be rude but it is very wrong to accuse those scholars who have contributed so much for something that they didnt do because of your ignorance. sorry to say that two of the three listed three are not justified in any sense.

1/ yes, derivatives are supposed to be zero-sum game but you are trying to confuse derivatives with financial industry as a whole. a zero-sum game doesnt mean its worthless. dont overlook their hedging function.

2/ as you have shown your inadequate knowledge of how financial market works & its relationship with society, the last reason can be dismissed easily.

you need thorough understnading of both econ & fina to name the causes. i dont mean to be rude but it is very wrong to accuse those scholars who have contributed so much for something that they didnt do because of your ignorance.

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