Mac1958
Diamond Member
Pope Calls Derivatives Market a ‘Ticking Time Bomb’
Holy crap, um, no pun intended.
Credit Default Swaps played a huge role in the Meltdown, and I don't know how the hell (no pun intended) they got on the Popester's radar, but he's absolutely right.
Even worse are synthetic CDSs, which are nothing more than bets on bets.
Well done!
.
Holy crap, um, no pun intended.
Credit Default Swaps played a huge role in the Meltdown, and I don't know how the hell (no pun intended) they got on the Popester's radar, but he's absolutely right.
Even worse are synthetic CDSs, which are nothing more than bets on bets.
Well done!
.