Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: thackney

Nobody in banking risks money. They buy commodities to offset another bet. It is like a bookie that bets on the Giants because to many of their clients bet on the Redskins, that way, either way, they get their fee. That is the basis of the derivative scheme. Goldman Sachs and JP Morgan don’t really care what oil does despite having money in it. Whether it goes up or down, they win. Wall Street is now run by mathematicians.


27 posted on 12/03/2014 8:24:18 AM PST by wolfman23601
[ Post Reply | Private Reply | To 22 | View Replies ]


To: wolfman23601

Same pricing system is used by refineries managers that actually need oil delivered every week.


29 posted on 12/03/2014 8:27:52 AM PST by thackney (life is fragile, handle with pray<br>er.)
[ Post Reply | Private Reply | To 27 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson