--- In FairfieldLife@yahoogroups.com, "WillyTex" <willy...@...> wrote: > > > > Bhairitu wrote: > > ...you might like Jesse's latest show on > > Global Warming. > > > Great. Another reason to use Netflix. > > > It's a very interesting piece and Jesse is > > a friend of Al Gore > > > If so, then why didn't Ventura interview Al > Gore, and ask him the hard questions? > > > and finds it hard to believe he is profiting > > from global warming > > > Would that be a problem, if someone like Al > Gore were to profit from carbon credit > exchanges? > > > but is willing to call him out if he is... > > > From what I've read, Al Gore has a pretty big > carbon footprint. Isn't Gore already using > carbon credits? > > "These credits are now traded on the Chicago > Climate Exchange (CCI). Bloomberg has announced > that carbon trading will become the largest > commodities market ever. The broker fees > earned by the CCI will be tremendous..." > > Read more: > > 'Cap and trade' the death knell for American industry ' > Salem News, December 16, 2009 > http://tinyurl.com/yfz56jz >
I'm not familiar with how these credits are traded. Are they backed by assets? If so, how? We just had the entire economy almost in total collapse because AIG was selling Credit Default Swaps (also traded) which were NOT backed by assets (and yet the official government rating agencies gave them a clean bill of health). Let's not repeat that mistake with some sort of Al Gore sanctioned bullshit.
