I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Saturday 3 July 2010

Derivatives make BP too big to fail



In fact, there isn’t that much of a difference between BP and Lehman Brothers – both have been among the major players in the unregulated $615 trillion OTC derivative market. If BP is forced to file for bankruptcy, it will probably have an even greater negative impact on the financial markets than the Lehman failure caused.

http://econotwist.wordpress.com/2010/07/02/so-you-thought-bp-was-an-oil-company/

http://usawatchdog.com/pedro%E2%80%99s-nightmare-bp-scenario/


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