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From the article:
"According to the Bank for International Settlements, the entire derivatives market had a gross credit exposure of $3.5 trillion at the end of 2009. Obviously, even a small fraction of that amount could represent a sizable call on the taxpayers if a clearinghouse hit the skids.
So much for eradicating too-big-to-fail. "
And as for the derivatives market? As of this date it's... $223.4 trillion.
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