Hummmmmmmmm…- Quite a bold ambition. I’-m very surprised by his statement. Is he naive?
Via our chief economist Michael Giberson.
WeatherBill C.E.O. David Friedberg hopes to persuade [!?] the Commodities Futures Trading Commission (C.F.T.C.) to change the requirement that currently limits weather derivative traders to accredited investors with a minimum net worth of $1 million.
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