‘How much did Bear, JPMorgan, Lehman, BofA etc etc lose? LOL!’
Ask the shareholders of Bear Stearns. X amount of equity at $60 share several months ago vs. $10 a share after the JP Morgan deal. How much will JP Morgan make? The building itself was worth what, a billion? net/loss net/gain equation right?
‘Hate to break it to you, but buying a mortgage security isn’t the same thing as writing a derivative or a swap.’
Yeah no shit. The article is about derivatives and deravatives are DERIVED from a security based on an asset value stamped by the bond market.
I have you real information and that information is no one knows the exact numbers of derivatives themselves. Real estate values dropping are facts. Need a chart buddy?
I give you an numbers based on example and your poor excuse for a brain attempts to ask me to quantify the number. Not knowing real numbers of an obvious trillion something dollar massive problem but not knowing the exact amount of the scope of the problem in itself creates extreme volatility and why smart guys hedged in other areas such as energy or emerging markets. You keep defending bad behavior putting the entire public at risk by the i-Banks so put your money up while you drive around in your S Class. Oh let, me guess you just broker swaps or used to?
Keep confusing derivatives with equity. It's funny.
The article is about derivatives and deravatives are DERIVED from a security based on an asset value stamped by the bond market.
My comments were in response to the link in post 12, Total Notional Value Of Derivatives Outstanding Surpasses One Quadrillion
Still confused?
I have you real information and that information is no one knows the exact numbers of derivatives themselves.
Do you believe Jim Sinclair when he says, "notional value becomes real value when either counterparty to the OTC derivative goes bankrupt"?
You keep defending bad behavior
Where did I do that? Link?
Oh let, me guess you just broker swaps or used to?
No.