Comment Re:Capitalism at its best (Score 2) 104
No, what I believe he means is that the "inflate and deflate" that the trader can do is worthless to society. It adds no real property or value to society, it only transfers value from one person to another. That's the leach part, the part that derivative traders maximized to harm the housing market (I won't say crash because that implies that mortgoage brokers and customers were free of fault, which they certainly were not.)