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Reply #6: It is all about valuation [View All]

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CatholicEdHead Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 04:58 PM
Response to Reply #5
6. It is all about valuation
At least that is the most common term used. Markets of all types have always been built on the trust model. These Derivatives made money out of thin air, but it was supposedly based on a underlining trust. Even what the represent is literally nothing but numbers on paper, they go after the foundation of trust in financial markets. If the worst happens we will have destroyed ourselves over an idea of money rather than any real tangible item.
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