The total amounts of credit default swaps (a form of debt insurance) outstanding is at $45.5 trillion --about twice the value of the US stock market, and three times the value of the US GDP (($13 trillion). This could lead "to a generalized meltdown of the financial system of a severity and magnitude like we have never observed before."
read more | digg story
Subscribe to:
Post Comments (Atom)
6-19-2026
Happy Birthday MAGA Erupts in Fury as Full Text of Trump’s Iran Deal Is Revealed Iran-US N...
-
They're saying F-U to Congress, essentially read more | digg story
-
“In the Shitter”: Democratic Rep. Reads Out Entire List of Trump Crimes - Representative Jasmine Crockett used Republicans’ Biden impeachm... -
A lot of criticism was given to the Bush Administration for proposing a 3-page bill to address the financial markets. While I had some criti...
No comments:
Post a Comment