Thursday, October 22, 2009

Carbon Trading

I guess I'm confused here. We are going to take carbon-based emissions, assign them a value, then turn them over for trading on Wall Street? And somehow this is going to be a money-making boom. I smell funny-money. This looks suspiciously like the mortgage "bundle and trade" scam....except with no intrinsic value.

I believe this will make the latest misconduct on Wall Street look tame.

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