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<p>[QUOTE=&quot;Cloudsweeper99, post: 1457840, member: 3011&quot;]I don&#039;t think I could agree with that.&nbsp; Removing credit from the system would be a tremendous setback to the way markets operate.&nbsp; For example, it would prevent a farmer from hedging his crop because his ultimate buyer isn&#039;t the exchange and he doesn&#039;t want to deliver to them.&nbsp; You can probably think of a multitude of other situations where someone might want to buy or sell futures contracts without promising delivery.&nbsp; Leverage and credit in markets are not a problem.&nbsp; I think that the development and widespread use of derivative products [such as interest rate swaps] by banks and hedge funds have unnecessarily tainted the legitimate use of leverage.[/QUOTE]</p><p><br /></p>

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