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Clearly, the Have-Mores are having a heyday. 99th_Monkey May 2012 #1
Economics class won't do it for ya jmowreader May 2012 #2
So we've created some kind of financial chimera whose DNA we can't even decode? Zalatix May 2012 #3
Precisely jmowreader May 2012 #30
Yep, I have a friend with a masters in math from MIT. He sat down and explained them to me stevenleser May 2012 #33
Banned? Oh no don't do that, just because we silly mortals cannot understand it. Zalatix May 2012 #34
Wendy Gramm TahitiNut May 2012 #4
Ding, Ding, Ding! salin May 2012 #8
"Almost"? sendero May 2012 #12
Not there yet, but have a good credit union salin May 2012 #28
"...money isn't earning much of anything." unkachuck May 2012 #51
What do you mean "no one knows what the hell they are"? FarCenter May 2012 #19
Pricey read that first one. laundry_queen May 2012 #27
Okay, Sayajit Das knows what the hell they are jmowreader May 2012 #31
That is a powerful metaphor, I hope you will consider building an OP coalition_unwilling May 2012 #43
Nor were the people whose houses were flattened... jmowreader May 2012 #50
4700 PAGES!!! That's 3x as long as War and Peace!!! Zalatix May 2012 #35
According to Malcolm Gladwell, it takes 10,000 hours to master something FarCenter May 2012 #39
Actually, the CFTC does not have regulatory authority over many of the coalition_unwilling May 2012 #42
Yes, I'd like to see the derivitives market regulated by the Nevada Gaming Commission Jack Rabbit May 2012 #48
There's a more important NCG rule jmowreader May 2012 #49
You're right. That is more important. Jack Rabbit May 2012 #54
Yup, and it needs to be declared void for the fraud that it is. Waiting For Everyman May 2012 #5
Indeed. This is nothing more than Monopoly money. hifiguy May 2012 #22
The key here is to understand that "notional value" isn't real. FBaggins May 2012 #6
Not only that.. sendero May 2012 #13
That's certainly correct. FBaggins May 2012 #15
I'll have to disagree . sendero May 2012 #16
There are two problems actually. Your problem is one of them, in that coalition_unwilling May 2012 #44
Magic Economics. Nice work if you can get it. TrollBuster9090 May 2012 #7
Ah, I see. I wasn't getting it because it's not even real. Zalatix May 2012 #9
The funny thing is, every empire of note, MadHound May 2012 #10
Rome is a bad example. DetlefK May 2012 #14
and the main chunk of money funding this empire is pillage magical thyme May 2012 #26
Rome is a bad example there too bhikkhu May 2012 #32
At least the Roman empire created some great art and philosophy that coalition_unwilling May 2012 #45
that sounds vaguely similar to onethatcares May 2012 #38
+1 Blue_Tires May 2012 #36
What's the difference between this and counterfeiting money? Please explain! DetlefK May 2012 #11
You are conflating currency (a physical form that money takes) and money (the coalition_unwilling May 2012 #46
Warren Buffett was sounding the alarm on derivatives way back in 2002 when PA Democrat May 2012 #17
No. Notional is not "worth" econoclast May 2012 #18
The other reason that the total notional is so high is that it is cumulative FarCenter May 2012 #20
Only if you think tomorrow's Powerball drawing is worth 2 Quadrillion dmallind May 2012 #21
Your analogy doesn't work because they divide the winnings for Powerball Taitertots May 2012 #25
isn't that 1.2 gazillion? nt Javaman May 2012 #23
Actually, it might be a Brazillion. nt eppur_se_muova May 2012 #24
Might as well be Triskellian Quatloons aint_no_life_nowhere May 2012 #29
Quick... before this thread goes south... Bigmack May 2012 #37
It will fall when it can't grow any more. bemildred May 2012 #40
Here, this might do it: bemildred May 2012 #41
Here's a good example from real life: AIG sold credit default swaps against coalition_unwilling May 2012 #47
It's stupendously simple Zanzoobar May 2012 #52
I think it's a very big deal indeed. pa28 May 2012 #53
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