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To: koan who wrote (89184)8/20/2007 6:21:40 PM
From: maxncompany  Respond to of 313808
 
Yes, but they are high up the chain in derivatives, but of course, Buffet would be aware of that.

That's a much bigger issue than subprime. No one really knows yet how it'll play out. But there are hundreds of Trillions $$$ worth of derivatives out there. And Greenspan insisted there be no regulation of either hedge funds or derivatives.