OK, I'm sure it's obvious but the first thing these companies that have received govt funds so as not to fail will do is pay it back and go on their merry way again. De-leverage my ass... GS has 1000 quants working on the most out-there risk models to spin nets around this new "vanilla" world, and other firms are going to take the lead from that and we'll be off again. That's a given and it's going to be interesting to see how the governments of the world try to regulate it. One idea I have is that every new hybrid whatever investment to be traded by a public firm must get approved by the SEC over a 6 month period, and EVERY other public firm gets access to the model during that time. This would help eliminate stupid one-off bets that people haven't thought through properly in their rush to get them to market.
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Loaded-Gun.com - I don't know what the hell they are talking about or why they are even there. They don't make serious points and they don't joke, but they still manage to make a lot of posts somehow.