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Reply #18: I think whoever is first to cash in their derivative bets [View All]

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DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-22-10 08:21 AM
Response to Reply #17
18. I think whoever is first to cash in their derivative bets
Edited on Thu Apr-22-10 08:29 AM by DemReadingDU
Get the loot, whatever is there. The rest hold empty bags. This is why I think there ultimately will be a mass exit to the doors to grab the loot when the dominoes begin to fall. Everyone will be at the doors at the same time trying to grab what they can, but there isn't enough to satisfy everyone because the derivatives have been so grossly betted.

Edit: All the governments in the world will not be able to bailout all these derivative bets, without plunging into a black hole of debt. They might try with stopping the 'entitlements' (food stamps, unemployment checks, etc), but the hole will just get too large.

Hope Miss Mattie is feeling better.

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