Zerohedge? Reality land? They’ve been predicting doomsday for years, and their comments section is a cesspool of loons.
Either way, I’m not sure how this makes the United States more evil than Russia.
>>Zerohedge? Reality land?
http://www.google.com/?gws_rd=ssl#q=hundred+trillion+derivative
How’s the former Ambassador to the Netherlands (and coinkidinkly the Godfather of Subprime) doing these days super genius?
Got AAA Arsepaper?
Bad as these scandals are and vast as the money involved in them is by any normal standard, they are mere blips on the screen, compared to the risk that is still staring us in the face: the lack of transparency in derivative trading that now totals in notional amount more than $700 trillion. That is more than ten times the size of the entire world economy. Yet incredibly, we have little information about it or its implications for the financial strength of any of the big banks.
QUACK, WADDLE: REALITY LAND.