Thursday, January 21, 2010

U.S. banks are essentially giant black boxes, holding notional exposures to derivatives amounting to $203 trillion, or more than three times the size

U.S. banks are essentially giant black boxes, holding notional exposures to derivatives amounting to $203 trillion, or more than three times the size of the planet’s GDP, estimated at $65.6 trillion in 2007.

http://www.foxnews.com/opinion/2010/01/21/health-care-reform-congress/

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