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View Diary: Lawmakers Probe $75T Derivatives Dump by Bank of America (238 comments)

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  •  Or it could be 97%, you have no clue what (1+ / 0-)
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    Laconic Lib

    the fraction is because none of us have any clue what those so-called derivatives are. If they are all CDS on worst tier tranches of underwater mortgages, the amount due could be very near the nominal value.

    That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

    by enhydra lutris on Tue Nov 01, 2011 at 04:06:19 PM PDT

    [ Parent ]

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