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To: OneLoyalAmerican
Thinking high risk; given derivatives, by nature and law, lack transparency, are complex, and loaded with risk.

Many plain vanilla, interest rate swaps (the majority of all derivatives), are low risk and very simple.

So by my thinking, of course as a total idiot; derivatives mask third party credit risk

Being OTC, as opposed to exchange traded, they make it difficult to measure firm risk.

Guess math comes very easy because I’m an idiot. 312 million US residents. $77 Trillion worthless junk

Nothing was worth $77 trillion.

53 posted on 10/24/2011 7:45:57 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Nothing was worth $77 trillion.

Exactly my point.

54 posted on 10/24/2011 7:57:03 PM PDT by OneLoyalAmerican (In God I trust, all others provide citations.)
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