Westen: Nobel committee creates Peace Derivatives market

Psychologist Drew Westen has inside sources on the Nobel Peace Prize committee:

Nobel Committee Admits Getting into Derivatives Trading in Giving Peace Prize to Obama

What led to the unusual decision to bet on futures rather than follow the century-old precedent of selecting someone who has actually accomplished something?

By Drew Westen

A spokesman from the Nobel Committee yesterday spoke on condition of anonymity about the controversial decision to award the Nobel Peace Prize to President Obama, who as yet has solved no international crisis or created peaceful resolution to any conflict but has delivered some awesome speeches that have breathed new life into the Norwegian stock exchange, the Red Herring 500, according to the committee member. “There’s derivatives trading now in virtually every commodity known to humankind,” noted the source. “So why not peace?” He added that rare commodities with unpredictable futures are particularly attractive to derivatives traders, and that peace certainly falls into that category. With many on the right objecting that Obama hasn’t done anything to earn the prize and many on the left complaining that his record domestically has been to deliver magnificent speeches without following up with any decisive actions and to paper over conflicts with inspiring words and half-measures, the Nobel Committee member admitted on background that he wasn’t sure whether the action of the committee technically could be considered hedging or derivatives trading, but he was counting on it to create a competitive market for both peace and Obama memorabilia.