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Re: MinnieM post# 3291

Monday, 07/05/2010 4:31:16 PM

Monday, July 05, 2010 4:31:16 PM

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I retyped that, may not be 20% of 400 trillion, hard to tell as the article switches back and forth and bounces around from derivatives, to CDOs to CDSs, and leaves some gaps in the real picture, which is part of his point, the unknowns may bring the banks down again, like the mortgage derivatives did, due to too many unknowns! My first read had me thinking 20% of 400 trillion, by I mixed the facts up, sorry, but it could be that bad with the leverage involved.
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