This presentation is not about the criminal lobbyists on K Street; many of whom are former congressmen and senators. It is about a talk I had over a dinner with several people with significant connections in “administrative governance” and private industry.What is the role of derivatives in our economy? I was able to find out that the major effort resides in keeping a criminal system in place to legitimize fraudulent derivatives instruments and to feed a finance driven esoteric economy. These efforts don’t speak to the physical economy, which has been walking the tightrope of instability and crisis.

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