Author Topic: $250 trillion-plus in derivatives contracts!!!!  (Read 1293 times)

Offline Beetle

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$250 trillion-plus in derivatives contracts!!!!
« on: November 17, 2010, 08:18:17 PM »
Did anyone read Smart Money Magazine Nov. issue?  Check out the paragraph on Gary Gensler Chairman, Commodity Futures Trading Commission.....

"the commission will assume oversight of an additional $250 trillion-plus in derivatives contracts as part of an effort to prevent these complex financial products from sparking another crisis."


http://www.smartmoney.com/Investing/Economy/power-30-the-worlds-most-influential-players/?page=2

Hare of Caerbannog

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Re: $250 trillion-plus in derivatives contracts!!!!
« Reply #1 on: November 18, 2010, 05:14:41 PM »
Holy Cow.
Someone tell me Smart Money made a typo.
$250 trillion plus!

Offline Beetle

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Re: $250 trillion-plus in derivatives contracts!!!!
« Reply #2 on: November 19, 2010, 08:34:31 PM »
That's the scary thing Hare...I don't think it's a typo.