Norton's Economic Musings: When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook: "Warren Buffett once said that derivatives are "financial weapons of mass destruction", and that statement is more true today than it ever has been before. Recently, JP Morgan made national headlines when it announced that it was going to take a 2 billion dollar loss from derivatives trades gone bad. Well, it turns out that JP Morgan"

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Norton's Economic Musings

Tuesday, May 29, 2012

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

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