For one thing, business method patents really didn't begin rolling until the 1998 decision in State Street Bank & Trust Co. v. [read post]

Hedgers mitigate their risk by transferring it to other investors (normally speculators). [17] Speculators ensure adequate liquidity in the market by taking risky positions that hedgers are not willing to take. [18]  The negative stigma given to derivatives over the years corresponds more to their speculative use rather than to the use of these instruments to hedge. [19] Therefore, the question as to the scope of the duty of directors to use derivatives should revolve… [read post]