Thanks, 9 people only, these guys sure spend a lot of those royalties... I got to check their statement more closely AH. In edit, just got back in EXPE here at $63.14.
Greenspan said that financial market participants who purchased derivatives, including banks, had been able to spread their risks and this had helped to lessen the severity of the 2001 recession.
Yep - Banks offloaded the risk to retirees, your grandmother, and most importantly to pension plans that are about to go under.
Not to worry, those pension plans need to offset the risk to other pension plans who will offset it to MM funds, and those MM funds will offload the risk to Martians. The Martians in turn will ofload the risk to Pluto and the Plutoians will carry all that risk. No one on earth need worry about any of this.
There is no possible harm that can come from any of this. Derivatives are a riskfree godsend. If only we had more derivatives a few years back with everyone offloading all their risk to the Plutioans. The Naz would still be at 5000. That is about how this F*head thinks at this moment. ng
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