...It can also involve peoples pensions and savings, and very real-world consequences for a lot of ordinary people..And this is very dangerous, because derivatives are...The modern financial world works on computer, you know, and its very, very easy to transfer the liabilities for these bets all over the world at the touch of a computer keyboard. And there really is no place to derivatives. These banks have hundreds and sometimes thousands of foreign affiliates... therealnews/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=8820
Posted on: Wed, 21 Jan 2015 21:57:34 +0000
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