It's so funny how TPS a known liberal tries to educate us the "aristocracy" on derivatives.
We invented them. In fact we invest our money in hedge funds & private equity. While labor pays FICA 6.2% taxes, & income tax of usually 25%, my pay is only subjected to 15% capital gains now 20% thanks to the communist Obama. But still I come out ahead.
When Ronald Raegan & Tipp O'Neil "saved" social security it meant another 50 years of SS solvency and opened the door to the massive tax cuts Raegan, Bush, Clinton, Bush & Obama have willingly given. Now that our too big to fail banks control 90% of banking volume we own the Federal Reserve, & the US Treasury. We control money printing, interest rates, & who gets bailed out & who doesn't. This is the era of financial capital. Those who create money with money & those who borrow.