Quite, but unlike payday loans, insurance and cohabitation arrangements, exotic derivatives serve no useful purpose, so nobody actually needs to gamble on them.

And the extent of my sympathy for suckers who decide to do so anyway is decidedly limited. Suckers will be separated from their money whatever legal protections you care to dream up.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.