Saturday, March 28, 2009

The Real Crime in the Bailout

The size of our national economy this year is roughly $15 trillion. The size of the Credit Default Swaps (CDS) market is $64 trillion. The whole world GDP is about $56 trillion. How could the CDS market be larger than the world GDP combined? That doesn't make any sense.

read more | digg story

No comments:

11-23-2024 B