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To: Trumptown who wrote (391928)8/6/2009 8:17:22 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 436258
 
It's all fixed....Obamers course is fixed, It appears we can be saved with a single flush of a dark pool or dammed at will?<g> LOL...ruled by empty black boxes filled with notational value?

Derivatives massively leverage the debt in an economy, making it ever more difficult for the underlying real economy to service its debt obligations, thereby curtailing real economic activity, which can cause a recession or even depression. In the view of Marriner S. Eccles, U.S. Federal Reserve Chairman from November, 1934 to February, 1948, too high a level of debt was one of the primary causes of the 1920s-30s Great Depression.