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To: coloradan
$300 trillion notional

So what?

The Bears are worth $1.7 billion and the Saints are worth $1.11 billion.

If I place a $10 bet on Monday's game, the notional value is $2.81 billion but all I can lose, or win, is $10.

Should I worry?

28 posted on 12/12/2014 7:21:20 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

A better example is the opposite. There’s a $10 bet on the table, but millions of people are betting on the outcome of the bet, (”I’ll bet you a thousand dollars that Joe is going to win the $10.” and he takes out a thousand dollar insurance policy just in case he loses. The insurer takes out another policy with someone else, just in case they have to pay. Etc.) Such that millions of dollars are going to change hands depending on the outcome of the play. However, not a single player can pay all his obligations unless all the other players do as well. If one of them blows up, like, insurer #3 goes bankrupt, then player #2 isn’t covered, in which case #1 can’t collect as well. What the language appears to do is place all these thousands of dollars of insurance and counter-insurance on the taxpayer. I’m not good with that, it is not within the scope of Constitutional government.


30 posted on 12/12/2014 7:46:52 AM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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