Derivatives

I agree with Joe at 14: Poor people did not write $170 TRILLION in Derivatives Contracts.

Matthew Yglesias » Causes of the Financial Crisis 2010

The REAL question is what happens to those $170 TRILLION in Derivatives Contracts – almost all of which are held by the Five Big Bad Banks. rapier Says:

Matthew Yglesias » AEI Scholar John Makin Calls for Bank Nationalization 2009

So lopsided that 'geniuses' on Wall Street cooked up a scheme called Derivatives, Hedge Funds and Credit Default Swaps and sold them to the world as if they had counted or had value.

Full Spectrum Economy: Building an economy that counts 2008

We may have many banks but the $170 TRILLION in Derivatives are held by only Five Big Banks: JP Morgan, Citibank, Bank of America, Wachovia/Wells Fargo, and HSBC USA.

Matthew Yglesias » Obama on Sweden 2009

Fannie and Freddie didn’t write those $170 TRILLION in Derivatives, did they?

Matthew Yglesias » Conservatives Don’t Care About the Deficit 2010

She moved to the city 11 years ago from Los Angeles where she took the bus to a clerk job at Ace Hardware — “I moved here for the public transportation,” she said — and briefly worked at the Queens Gazette, at Institutional Investor writing a newsletter called Derivatives Week, and at Dow Jones newswires covering the same beat.

Paula Froelich's Mercurial World: 'Society Is Pretty Much Dead,' Says Sassy Page Six Vet 2009

She moved to the city 11 years ago from Los Angeles where she took the bus to a clerk job at Ace Hardware — “I moved here for the public transportation,” she said — and briefly worked at the Queens Gazette, at Institutional Investor writing a newsletter called Derivatives Week, and at Dow Jones newswires covering the same beat.

Paula Froelich's Mercurial World: 'Society Is Pretty Much Dead,' Says Sassy Page Six Vet 2009

Sen. Harkin's new bill, dubbed the Derivatives Trading Integrity Act, would eliminate the distinctions in the law between excluded and exempt commodities, treating them all the same.

Harkin Seeks to Force All Derivatives Onto Exchanges 2008

"Derivatives" are complex bank creations that are very hard to understand, but the basic idea is that you can insure an investment you want to go up by betting it will go down.

Credit Default Swaps: Derivative Disaster Du Jour 2008

"Derivatives" are a risk filled stock market product allowing investors to "bet" on the future value of a commodities, interest and exchange rates.

"Us versus Them" The Money Party (5) 2008