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  • banks get money for managing other peoples' money...and doing it badly i might add...i don't get it and i think it's terrible :) 

    DearMole 1 year ago

  • A recent illness drove me to ask a real estate agent for an estimate of market value. But first ... the Property Tax Assessment people valued my house at $174,000. The real estate appraiser gave my house a value of $150,000. The real estate broker/agent thought he could get $135,000 at best and if my house were sold at auction, it wouldn't fetch more than $120,000. Now imagine trying to value a derivatives contract.

    Cheers ... Walter Garbotz, Ontario, Canada

    walgar2 1 year ago

  • If there is no market present don't you think is for some reason???

    Imagine I sell a regular refrigerator for $100,000 I wouldn't have market either, but I will be able to say I own a $100,000 asset because in 2012 inflation is going to go so high that I will be able to sell it at $100,000.

    This is the most stupid move ever, even if they can sell it in the future it will be devalued. This is pure BS, a desesperate move and assurance of their insolvency.

    ficote72 2 years ago 2

  • It's amazing that I've been surfing YouTube for about a week now looking for People like you that Understand the Problem, and not just the Doomsayers. I hope that this bumps your video. You can take a look at mine as well and I'd be interested to see what your views were.

    U2BHistory

    U2BHistory 3 years ago

  • Thanks for the interesting comments

    pjvdixon 3 years ago

  • Thanks do comment and rate this video. Patrick

    pjvdixon 3 years ago

  • Derivative's notional value is in the hundreds of trillions of dollars and many are absolutely worthless. The problem is these were completely Over the Counter and unregulated (off the books) As long as homes went up, AOK. Well, not that the CDS market was called on to perform, it didn't and couldn't. This is how the world's largest insurance co. (AIG) was brought to its knees in a day. The time for clear and transparent was years ago-we're in unchartered waters. Gold is the only white night

    mosullivan511 3 years ago

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