Explaining Derivatives to Michael Moore: The Powell Perspective

[MagicCryo]

this is a really..really..really..really fucked up metaphor of how derivitives work...you're really comparing...wall street...with people getting trashed at a bar..wracking up a tab and saying .fuck it i'm not going to that bar lulz. good stuff

[composerdoh]

Brilliant analogy. But it doesn't really explain what a derivative is.

[bbwoolfy]

oh my god, what a grinning psychopath! :o.

[yoson25]

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[Spravvl]

That's good. I like that you pointed out how banks were rating some derivatives AAA when they didn't actually know what the f**k they were dealing with.

Also, if you take a look at even a bigger picture than the financial system itself, is it sustainable with the amount of fear and greed we have going on? Maybe it needs to fail to get a new, better system. We can certainly be thinking about it, once it fails :)