TPTB can change the rules anytime they want

[blogospheroid]

A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.

[hugolp]

I really dont understand why anyone would trust the present financial system.

[YoYa]

I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.

[frutza]

And maybe because we don't have a better alternative?

[shady financier]

A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.

Yes, that's why they're called The Powers That Be. What's your point?