Como se combate o populismo? "Com eleições", responde Fukuyama

[ChicoAtento]

"... The theory
They're called derivatives because these synthetic securities are derived from paper such as bonds and mortgages by packing and bundling little bits of this and little bits of that. They've become a huge market because they promise to let financial giants seek profits wherever they may be, without regard to a situation's underlying risk. The risk, you see, has been lessened, controlled and maybe even eliminated by the correct mix of derivatives.

At least that's what the theory says. A recent report from the Counterparty Risk Management Group II, a self-selected group of financial veterans that has periodically taken a look at the risks in the derivative market, makes me wonder, though. According to the report, one bank, J.P. Morgan Chase (JPM, news, msgs), had total derivative exposure of $41 trillion. (No, that's not a misprint. I do mean trillion with a T.). When all the risks were balanced in this portfolio according to the theories and rules for calculating risk employed on Wall Street, J.P. Morgan Chase's most recent financial statements list total exposure as a mere $60 billion. ..."
Jim Jubak, MSNMoney.[/b]