Skip to comments.Does Bernanke REALLY Think QE Will Boost Home Prices
Posted on 11/10/2010 9:24:58 AM PST by ASOC
(snip) According to the Office of the Comptroller of the Currencys Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION.
Five banks account for 95% of this. Can you guess which five?
IOW - Bail'n Ben is taking care of his buds - at your expense.
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Probably. He isn't the sharpest knife in the drawer.
The posting software seems to have truncated the URL
Cut and paste this URL into your browser - the article appears just below the headliners./.... Just checked and works for me.
I bet $10 on the Bears game. The notional value of my bet is almost $2 billion. Do I need a bailout?
Of course not...he just wants the serfs to think it will.
The premise makes no sense to me. If a loaf of bread is $42, how much is a wheel barrow - more less a house?
What struck me was the sheer size of the derivative markets.
And some think Vegas is the hub of gambling....
And the tiny number of people who understand what it means.
Read and enjoy.
And if you understand that a loser for one is a winner for the counterparty, you'll be less likely to get your panties in a wad.
Thanks for the link, let me know if you learn anything from it.
I publicly bow to your godlike knowledge of all things money related.
Now, how is it that the latest QE is not a bailout of the big 5 banks?
Thanks; chilling articl and spot on I fear.
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