$600 trillion derivatives

Number of the Week: $600 TRILLION

Financial “Sword of Damocles”: Outstanding Derivatives Dwarf World Economy What’s the best evidence, post-crash, that meaningful financial reform has yet to occur? It’s not that those who helped orchestrate the debacle — corporations and individuals — have escaped accountability. It’s not that the largest banks, whose size and interconnectedness raised the spectre of contagion — and therefore...
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