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Reply #7: It's like peasant insurance [View All]

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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-22-11 08:00 PM
Response to Original message
7. It's like peasant insurance
Edited on Thu Sep-22-11 08:02 PM by Turbineguy
on people who don't exist.

Money that goes into trading these instruments is diverted from real investments.
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  -Oh... Hell... MUST SEE TV: $600 Trillion Of 'Dark Market Debt'/Dylan Ratigan On Martin Bashir Today WillyT  Sep-22-11 07:43 PM   #0 
  - If anyone is asserting that there is a $600 trillion dollar debt somewhere, I think they're crazy.  TheWraith   Sep-22-11 07:46 PM   #1 
  - But its "dark debt" - hidden from all except the Dylan Ratigan Show!  banned from Kos   Sep-22-11 07:57 PM   #4 
  - ........  marmar   Sep-22-11 08:02 PM   #8 
  - THANK YOU !!!  WillyT   Sep-22-11 08:27 PM   #17 
  - People need to learn the difference between VALUE and DEBT.  TheWraith   Sep-22-11 10:52 PM   #21 
  - "banned from Kos" is way more credible.  girl gone mad   Sep-22-11 08:03 PM   #10 
  - Dana Houle... Is That You ???  WillyT   Sep-22-11 08:04 PM   #11 
     - No - I honestly don't know who that is.  banned from Kos   Sep-22-11 08:15 PM   #15 
  - Um... From Matt Taibbi...  WillyT   Sep-22-11 08:00 PM   #6 
  - No, the people who are crazy are those who feel that derivatives don't need to be regulated.  PA Democrat   Sep-22-11 08:10 PM   #13 
  - Yeah... But...  WillyT   Sep-22-11 08:11 PM   #14 
  - "600 trillion in credit default swaps..." Fuck!  jannyk   Sep-22-11 07:48 PM   #2 
  - I remember when it was only 66 trillion. nt  valerief   Sep-22-11 07:55 PM   #3 
     - yeah, but you're older than me  jannyk   Sep-22-11 07:57 PM   #5 
        - Hey, it was just two years ago! nt  valerief   Sep-22-11 08:02 PM   #9 
  - It's like peasant insurance  Turbineguy   Sep-22-11 08:00 PM   #7 
  - EXPLAIN this all to us Philosophy majors with one or two or three humanities degrees  sam11111   Sep-22-11 08:10 PM   #12 
  - How about this?  Turbineguy   Sep-22-11 08:26 PM   #16 
     - Turbine thank you! super explaination. What should we ask congress to do about CDSs?  sam11111   Sep-22-11 09:12 PM   #18 
        - The same thing they've talked about doing  Turbineguy   Sep-22-11 11:13 PM   #23 
  - "Money that goes into trading these instruments is diverted from real investments." ....  slipslidingaway   Sep-22-11 09:44 PM   #20 
  - 600 Trillion Notional Value - Notional values and actual dollar values ...  slipslidingaway   Sep-22-11 09:43 PM   #19 
  - It's basically insurance on each other's bonds - off the books, of course.  reformist2   Sep-22-11 11:03 PM   #22 

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