They are frightened

There is a lot of talk about derivatives. Warren Buffett has called them financial weapons of mass destruction which are in the hands of market fundamentalists. They account in some estimates to up to $500 trillion. This up to 35 times the value of annual GDP of the US. What are derivatives. 

Basically they are the mother of all ponzi schemes. Spivs and swindlers selling imaginary products which up to now have gone up and up in value. This works alright as long as more and more people come into the market and keeping buying more and more. And keep asking no questions. And do not ask to cash in their chips. It seems that cash chipping time is now getting close. This can be the mother of all economic crisis. 

I see that Bush says the following about his government's take overs of financial institutions and his injecting of tax payers money into them. "These measures are not intended to take over the free market, but to preserve it. Bush is becoming the modern day FDR. And this is even before he is threatened with a new militant workers movement. I cannot see how an unprecedented economic crisis and and enormous movement of the working class lies ahead. Sean