Comment Comment by JumpCrisscross > many of the instruments that actually trade are derivative or abstract representations of actual assets with 'real' valueThey’re all derivative.> the notion of 'legal' can get very fuzzy when you're talking about an industry with so many private/self-interested entitiesSure. You’re describing ambiguity outside securities trading.> more about the SEC's role or dereliction of duty in the Enron caseI asked for one example of something the SEC had a mandate to do that it didn’t. parent JumpCrisscross 2 years ago
They’re all derivative.
> the notion of 'legal' can get very fuzzy when you're talking about an industry with so many private/self-interested entities
Sure. You’re describing ambiguity outside securities trading.
> more about the SEC's role or dereliction of duty in the Enron case
I asked for one example of something the SEC had a mandate to do that it didn’t.