“I spoke with one derivatives trader who manages billions of dollars and she said she couldn’t even value her portfolio because “no one knows anymore who is on the other side of the trade.””
I’m not convinced anyone knows what is really going on.
This Information about these Derivatives has been Out there from the Beginning ,I read stories on Free republic when this whole mess began ,there has been so much distraction to other issues it makes your head spin. I believe that NO ONE knows what to do about this .
Glen Beck on his show mentioned that he heard George W Bush make a Statement to someone after learning the extent of this problem that “IF we Survive “ they will continue or move on. I believe this is what he was told about ,all this other stuff is peanuts compared to this