The system has been gamed since there has been a system and likley before.
Reader comment on: The Magnetar Trade
in response to reader comment: Not starting it and keeping it going are two different things.
Submitted by Lyle (United States), Apr 12, 2010 09:28
If you look in the past every time an event like the current crisis someone games the system, people will cheat and nearly cheat given 1/2 a chance. So rules are needed mostly about transparency that avoid the asymetric information problem to ensure that all come to the table with the same info. Protections are needed for the unsophisticated as well to make sure that they truly understand what is being sold them (starting with teaching people a rule a lot seem to forget, if it's too good to be true it probably is)
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