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|User Info||Would the gov pay people's mortgage?; entered at 2007-12-01 15:50:30|
The problem Jinxx is that some people made the correct bets on these securities and you're going to **** them.|
The problem with this is that those correct bets are, in fact, what makes a market. If you change the deal after its been done then you've added - not removed - uncertainty.
This is bad for the market in general because if I can't find someone to take the other side of my trade, I can't do it at all!