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Encore to the bank bail outs - a backstop on the whole Derivatives market

As An Encore to Bailing Out the Big Banks, US Government to Backstop Derivatives Clearinghouses … In the U.S. and Abroad

http://www.zerohedge.com/contributed/2012-05-26/encore-baili...

What the whole $700 trillion plus Derivatives market?
You have to be kidding me.