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Old 04-20-2012, 09:27 AM   #3365
Chaos Technician
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Aethyr Engineering

Join Date: Apr 2001
Location: 4th dimension
Posts: 43,375


Derivatives: The Unregulated Global Casino for Banks
SHORT STORY: Pick something of value, make bets on the future value of something", add contract & you have a derivative. Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill. This visualizes the total coverage for derivatives (notional). Similar to insurance company's total coverage for all cars.
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