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To: expat_panama
"He thinks someone made $600 trillion that we need to "take back"?"

The author doesn't yet grasp that derivatives are zero sum...that $600 Trillion in derivatives simply moved the self-same $1 Trillion back and forth between related parties 600+ times.

Obviously there's not $600 Trillion to "Take Back!"

Identifying $600 Trillion in total trades/contracts is not the same as identifying $600 Trillion in unique wealth.

199 posted on 02/02/2009 8:00:58 AM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack; bronxboy
someone made $600 trillion that we need to "take back"?

You all are a little slow at observing what’s going on....

We may have room to agree here. 

Let's say we're together with the idea that I'm blind and slow, and we can also agree that James Lieber's $600T doesn't exist.  Fair enough?

258 posted on 02/02/2009 9:28:05 AM PST by expat_panama
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