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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (71916)2/26/2001 3:17:01 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i note he skirted the systemic risk issue...that however is the biggest problem posed by derivatives. individual contracts are mostly netted out somehow and thus are not risky per se...but system-wide, risk has never been higher.
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