More Financial Meltdown Stuff

Here’s a good bit from 60 minutes detailing credit default swaps, which are essentially a shadow insurance market for securities. I’ve only seen these discussed in a few places, but there’s good reason to suspect that they are largely the cause of the current meltdown.

Look into the derivatives market. It’s scary.

This entry was posted in Politics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>