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View Diary: Derivatives: An Investment on Nothing! (14 comments)

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  •  Wait. Suppose Instead of Losing, They all Win (1+ / 0-)
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    jamess

    Doesn't the money to pay off the winnings also have to come from somewhere?

    If I bet you the Moon that it rains tomorrow, it strikes me it doesn't matter to the economy whether the bet wins or loses. It's a nonsensical gain whoever gets it, and there's no way it could have been insured no matter which side of the bet had the insurance.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sun Apr 25, 2010 at 10:29:27 AM PDT

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