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Reply #74: Somewhere last night it was quoted that the derivative markets are guesstimated [View All]

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54anickel

(1000+ posts) Send PM | Profile | Ignore

Mon Sep-15-08 08:26 AM
Response to Reply #31

74. Somewhere last night it was quoted that the derivative markets are guesstimated

to be $454 trillion --- an amount nearly impossible to grasp, it's made up of zeros and ones and lots of confidence floating in the atmosphere....

$454 trillion fo so-called wealth, derived from nothing but debt.

Worth repeating from last night. Think I have the links fixed now.....

subprime derivatives
http://www.youtube.com/watch?v=0YNyn1XGyWg&feature=related

Overcollateralization (O/C) in structured finance
http://video.google.com/videoplay?docid=8278100526242917072&vt=lf&hl=en

Synthetic CDO that fails in subprime securitization
http://www.youtube.com/watch?v=-8vmzvfEuk0

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