Behind the scenes a nagging concern has been whispered. The big bank derivatives that underlie the economic system can implode the world economy and controlling forces that apparently can dampen public discussion have been winning by not discussing the issue.
No one, including Scott O'Malia, the recently crowned chairman of derivatives industry group ISDA who is aware of what is whispered as the derivatives "boom" issue, the man who is the referee that could reside over a historic derivatives implosion, no one outside the big banks including O'Malia knows the total risk exposure.
Paul Singer: What exactly is the big bank derivatives risk exposure?
The question hedge fund manager Paul Singer and others want answered is: What exactly is the big...
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