[impimp]

“out of thin air.”

Derivatives are obligations to do to something based on something that happens. It is a contract. Are you opposed to contracts like many commies?

[SpaceBar]

Are you opposed to contracts...?

Actually no. I understand them, including the notions of consideration by both parties, collateral, remedies for breach of, and the legality of the terms of said contract. It's an extremely valuable legal instrument that has benefited the western world for centuries. However they were never meant to be the tool of trade for degenerate gamblers.

[glorgau]

Derivatives are obligations to do to something based on something that happens. It is a contract.

Unless your company name is AIG. At that point it becomes a taxpayer obligation.