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To: OneLoyalAmerican
Thank you again for making my point.

If your point was the notional ($2 billion value of the assets underlying my bet) has little to do with the actual money I risked, $10, then you're welcome.

If your point was that I was in danger of losing the notional value, then you're still confused.

Just as you were confused about the possibility that taxpayers are on the hook for $55 trillion in possible losses based on the notional (not real or actual, see definition #4) value of the derivatives in question.

Let me know if there's anything else I can explain to you to reduce your confusion.

Always glad to help.

61 posted on 10/25/2011 7:04:53 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Aside from the counter-logic of betting upon Chicago Bears victories as an economics prosperity means; do the Chicago Outfit’s bookies accept derivatives in lieu of cash?


62 posted on 10/25/2011 8:10:20 AM PDT by OneLoyalAmerican (In God I trust, all others provide citations.)
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