How did I just barely discover this book today??

the thing with derivatives, well its their important characteristic and it is a problem because people are stupid and greedy, is the thing that is called 'leverage risk'.

the nominal value of a derivative is multi times larger than the actual money you put on it. (margin). and it rarely comes to the ending point, where you have to exchange the whole value of it.
-hence, the size of the derivatives market is crazy.
however you 'play', your gains and losses are on the nominal value, so you might end up losing whole your capital (the margin) and far more of course, if noone stops you.

im not sure if 'total exposure' means all positions a bank has on derivatives, or only the uncovered ones.
i mean you can have a portfolio with combined and complicated positions and strategies that protect each other from losses - you dont gain much either, but you do it for a gazzilion other reasons.

you can love and at the same time, hate derivatives. thats how it is.
banks and 'houses' you can just hate them.

This train isn't moving and I have to take a dump.

Scars on Broadway wouldn't actually be that bad if Daron wasn't singing. Well, System of A Down's last few records wouldn't have been bad if they hadn't let him sing more either!

I don't think his singing is really that bad. Some songs are whack...but his voice has that creepy thing which makes it sound....NOT bad.

why is this a thing?

Really? I was just thinking that more honestly he is terrible, and letting that jack ass sing more basically ruined System of a Down for me, and I LOVED System of a Down :eek:

So...I go to the bank to do one of our broker's a favor and deposit his check into his account. Now...this is a personal account which is receiving the check. When I am being attended by the teller...the teller begins the normal "small talk". I've had small talk with bank tellers, but none ever seem to have gotten so personal...I went back to the car and wondered why she was so talkative. Then I remembered the check I deposited was for a sum with 5 figures and she may have thought it was my check.... buahahaha....

Haha.. yeah. Flirting with bank girls is the best part of going to the bank. My credit union didn't used to even have the bullet proof glass, so used to be able to flirt eye to eye, and lean in a bit. When they put in the glass, instant cock-blocking!

some chicks prefer bank roll to cock size.

I was going to wait till later this week to pick up....butt....maybe I'll do it today. I feel like laying down and listening to music all day.

Yeah....it's weird talking to those tellers though...I never know when I am trying to be funny or not. They like to laugh at a lot of things.

"do you mind stapling this to the receipt"
"hehehehe oh you!"

http://www.youtube.com/watch?v=Ua5gBvdykd4

One of the most romantic things ever.

Even more romantic than this?

What's more romantic than two lovers pulling off the most optimal damage(at the time, don't know if it still is now) combo DURING A TOURNAMENT. Did you see how much health that dood had left? like 90%(and he's one of highest amounts health in the game)....and it's all gone after that combo....RIDIC!

(the pair on the left)

Wat the fuck are you posting genteel? Ha!