Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (427509)	10/17/2008 3:27:48 PM
From: TimF	Read Replies (1) of 1570655

We are talking about $60 Trillion! Nominally, yes somewhere around that, but not in very real terms. Message 24961801 The example there is rather extreme, but it isn't false. In most cases the nominal figure won't be that far from reality, but that doesn't mean it accurately reflects reality. There ain't enough money in the world to pay these things off See above, and also note that they won't all have to be paid off even with the current problems and with the risk more highly correlated than people had thought. For one thing many of them are hedges that net out, in some cases to an extent one party taking part of both sides of a bet. And if the risks where actually isolated from each other (as many people thought they where, or at least acted as if they where), then paying any significant fraction of them off would never have been an issue. None of which means that the way they where used, and the aftermath of that are not very big problems. But the nominal dollar total makes it looks much worse than it is.

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