Ronald Pires

Derivatives and Bank Collapse - The Scam That Went Largely Unreported

I don't have any problem with the general thrust of your article, but tossing around notional amounts of derivatives is pretty much useless (and potentially quite misleading) as a measure of the ultimate exposure (potental losses) in the market. See "Everything You Wanted to Know about Credit Default Swaps--but Were Never Told" by Peter J. Wallison for a good explanation of this.

www.rgemonitor.com/glo...