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The debacle we are experiencing also proves that regulators don't even regulate what they are supposed to.
Sep 27 12:19 pm
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All Comments by swaps »The End of Supervised Entities - Now What About Swaps? [View article]
In Friday's Denver Post Jeff Wilson alleges the total value of all derivatives is $600 trillion. Excluding those, the estimated total wealth of the U. S. is $57 trillion. If 10 percent of the derivatives go bad, you do the math.