Dylan Ratigan has a solution. He advocates “using this opportunity to take the public dollars that are going to be at risk to demand a public market for these currently opaque mortgage backed securities. Make the Fed or Treasury the first bidder and then post them on public markets around the world so that anyone who has an interest in buying them can post a price."
"We need a price discovery mechanism and a centralized marketplace where people can come and see this information," adds Jon Najarian on Fast Money. In other words trade them in much the same way stocks are traded. Or post them like people post concert tickets on StubHub.com and see what price they bring.
Karen Finerman doesn't buy it. She thinks the trouble is with the asset itself and not the degree of transparency it has.
Sounds like a disagreement. Kind of like Congress.
For more on the pros and cons of this solution please watch the video.
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Trader disclosure: On Sept. 26, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT), (WMT); Seymour Owns (AAPL), (EEM), (MER), (MSFT); Seygem Asset Management Owns (VIP); Seygem Asset Management Is Short (RSX); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (MO), (PM), (RAI) ; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (AAPL), (EOG), (FCX), (FTO), (GS), (KOL), (NOV), (POT), (X), (YHOO); Terranova Is Long Mini S&P Futures; Terranova Owns (AIG) And Owns (AIG) Puts; Terranova Owns (MS) And Owns (MS) Puts; Terranova Is Long Crude Oil
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