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Re: Be afraid...be very afraid...

By: lkorrow in CONSTITUTION | Recommend this post (0)
Mon, 02 Jul 12 8:08 AM | 62 view(s)
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Msg. 18795 of 21975
(This msg. is a reply to 18794 by DueDillinger)

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Due, why are derivatives such a problem all of a sudden. I know they're huge, there is exposure to them, and JPM just lost some $9B. But I recall pmcw saying derivatives purpose is to spread the risk.

So, we had the RE market failure and have overcome it. So what market is going to fail to create a banking collapse due to derivative exposure?




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The above is a reply to the following message:
Re: Be afraid...be very afraid...
By: DueDillinger
in CONSTITUTION
Mon, 02 Jul 12 6:53 AM
Msg. 18794 of 21975

True since 1913, Linda.

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