The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (16228)	1/11/2009 10:22:35 AM
From: carranza2	Read Replies (2) of 71456

The giant derivative Ponzi scheme outgrew the Fed and collapsed under its own weight. Not really. The scheme continued con brio after subprime's problems became known. One of the articles you cited mentions a factual tidbit I once knew but had forgotten: notional derivative values increased after the bailouts began. The government was on the risk not the counterparties. A lot of galling things happened but that was the most infuriating.

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