Comments on: Over-the-counter derivatives http://www.ritholtz.com/blog/2009/06/over-the-counter-derivatives/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 20:03:30 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: gringotts http://www.ritholtz.com/blog/2009/06/over-the-counter-derivatives/comment-page-1/#comment-185926 gringotts Tue, 23 Jun 2009 18:28:19 +0000 http://www.ritholtz.com/blog/?p=29808#comment-185926 OTC derivatives is NOT the problem. The banking system and gov't bailouts is the problem. i.e. AIG makes bets, the roulette wheel doesn't fall on their numbers, gov't gives them 170 billion dollars, AIG pays the casino (Goldman Sachs), and Goldman Sachs just announces record profits and record bonuses for the first half of the year. Thanks Hank! (former Goldman CEO) OTC derivatives is NOT the problem. The banking system and gov’t bailouts is the problem. i.e. AIG makes bets, the roulette wheel doesn’t fall on their numbers, gov’t gives them 170 billion dollars, AIG pays the casino (Goldman Sachs), and Goldman Sachs just announces record profits and record bonuses for the first half of the year. Thanks Hank! (former Goldman CEO)

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