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Re: properlynumb post# 44490

Wednesday, 02/15/2012 4:44:03 PM

Wednesday, February 15, 2012 4:44:03 PM

Post# of 122343
Please keep in mind; these banks are guaranteed by the US Government....
The American tax payer and it's assets.

The derivatives are real.
The notional value could be lost in it's entirety.
That would drive the economy back to the stone-age.
The baker couldn't borrow to get flour.
Every transaction would require a larger pile of cash.
Cash that the debtors need to pay the notional value of derivatives.

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