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Derivatives are handled, right?

Uh, not quite . . .

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An Out-of-Control Situation

Video: Derivatives are the shadowy financial instruments that make up a multitrillion dollar market, largely unregulated even after the federal government bailed out AIG in 2008. The company needed $882 billion after its crappy bets on derivatives went south. By some accounts, the size of the global derivatives market is larger than the global gross domestic product -- a total farce on its very face.

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