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epitome · 09-01-2009, 10:27 PM

Awesome! It puts things into perspective.

The derivatives have always scared me.

I once read that they are essentially like getting five insurance polices on your neighbors house, burning it down and then collecting the full value of their home five times. Not your house, but your neighbors. That is why the exposure is $644 TRILLION. How many times our GDP is that?

Somebody is going to have to hit a reset switch (with the rest of the world getting on board) or we may end up fuxored into the third world.

09-01-2009, 10:27 PM
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	Awesome! It puts things into perspective. The derivatives have always scared me. I once read that they are essentially like getting five insurance polices on your neighbors house, burning it down and then collecting the full value of their home five times. Not your house, but your neighbors. That is why the exposure is $644 TRILLION. How many times our GDP is that? Somebody is going to have to hit a reset switch (with the rest of the world getting on board) or we may end up fuxored into the third world.