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On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Originally posted by thewanger
Duh? Smoking or non-smoking? Did you just wake up? Alex Jones has been saying this for ten years. And I've been listening for eight. You can tell the disinfo people on ATS(or anywhere) because they ALWAYS trash him. Welcome to the party, pal.
Originally posted by crowdedskies
...I am not entirely convinced that there is a central group controlling this huge market of derivatives. However I am inclined to think that many companies offering real-time option prices (options being one type of derivative) have some questionable access to funding.
Originally posted by ModernAcademia
How can the President of the United States leave a press conference because his wife is calling him
Originally posted by Maxmars
Many seems to shrug off the nature of high-finance; in particular the 'gambling' and 'fixed' nature of the game.
By the way, and quantum cryptography and mechanics will soon shield the financial shenanigans..... that's what the physicists are for.
Originally posted by Nicorette
Finally the Justice Dept. is looking at it,
And the profits on most derivatives are masked. In most cases, buyers are told only what they have to pay for the derivative contract, say $25 million. That amount is more than the seller gets, but how much more — $5,000, $25,000 or $50,000 more — is unknown. That’s because the seller also is told only the amount he will receive. The difference between the two is the bank’s fee and profit. So, the bigger the difference, the better for the bank — and the worse for the customers.
It might also be worth mentioning that , over the last 15 years, there has been a big drive by banks to recruit individuals with PHDs in Physics for their financial instruments departments. There has been a lot of talk about it on the internet; particularly the relationship between money and physics.