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To: MythMan who wrote (25063)3/13/1999 9:49:00 AM
From: accountclosed  Respond to of 86076
 
they're gross. so we never know what the net is. but not just options...futures, swaps, all sorts of messes.



To: MythMan who wrote (25063)3/13/1999 3:42:00 PM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
But I think the big deal to massive derivative exposure is that what happens when counterparties go bust. Your supposed hedges might go poof and expose you to tremendous downside.