Cyprus Eastern Forum Archive
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|Posted By: ProVox|
| We often here that word’ DERIVATIVES’ when the bankers and financial experts start talking about the world economy. It appears that the major US banks are into derivatives in a big way ..........|
If the derivatives gambling 'product' goes belly up the nine largest US banks will owe $228,720,000,000,000,000 which is an awful lot more than they have in the vaults.
Makes Cyprus’s €17bn loan look like nothing at all to worry about! :money:
|Posted By: Kwacka|
| Insanity: doing the same thing over and over again and expecting different results.
The banks betting on food prices is one of the things (along with drought, fires) that is pushing the price of food up.|