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Strategies & Market Trends : The coming US dollar crisis

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To: dybdahl who wrote (11843)9/26/2008 8:56:57 AM
From: Real Man  Read Replies (2) of 71454
 
There is no "other person". The "other person" is the bank,
who then finds someone who wants to take the opposite position
to yours. So, I get broke cause I levered up and lost, and
I can't pay the bank. The bank gets to assume my losing
position and pay the other counterparty. If there are many
like me out there, the bank collapses -g-
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