Belmont Club

By Richard Fernandez

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The Last Belay

March 7, 2009 - 10:09 pm - by Richard Fernandez
veracious
2009-03-09 09:38:40

I convinced myself, at the start of game AIG, that it was a big derivatives player. Derivatives are really just an unregulated (new of course) insurance policy – aIg. Nobody can cover the quadrillions of derivatives which supposedly cancel each other out, but we can bleed USA funds to those who despise USA, foreign and domestic…