Instead, such wealth, if it does stay at home, is being parked in whatever assets might bring a speculativereturn or a currency hedge against a falling U.S. dollar.
Even new ideas that were originally designed to reduce cost and increase return have degenerated into high cost speculative products designed to increase the amount of money the industry takes in.
By providing some security for the most speculative exposure, it would decrease capital costs for needy member states, allowing them to return to capital markets more quickly.