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Cardinal Numbers

March/April 2009

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Cardinal Numbers

See our cover story on former chair of the U.S. Commodity Futures Trading Commission Brooksley Born.

Notional value of the derivatives market at the end of 2002: $106 trillion

Value of derivatives outstanding as of the first half of 2008: $531.2 trillion

Year in which Brooksley Born first sounded the alarm about the unregulated growth of the derivatives market: 1997

Congressional hearings at which Born testified about the risks of unregulated derivatives: 17

Percentage decrease in the S&P 500 index in 2008: 40

Years in which the market suffered a worse decline:: 1

Sources: International Swaps and Derivatives Association; Congressional Hearings; Standard & Poor’s

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