How will AMEX avoid the fate of HedgeStreet, an exchange with similar products?

Asks Mark Longo.

But did that same Mark Longo ask the hard questions to HedgeStreet’s Russell Andersson, when he interviewed him in the Summer of 2007, two months before the HedgeSteet immolation? Of course, not.

Building an exchange is challenging. Be patient. It is complex. It will take time. The retail derivatives market has a huge future.

…pleaded Russell Andersson to a gullible Mark Longo. … And two months later HedgeStreet did belly up. … What a nuclear joke. … The finance journalists are a bunch of suckers.

About Chris F. Masse

Founder and President of Midas Oracle
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