shesac

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ON: Mon Apr 7th 08:17 AM
Commented on:
Credit Default Swaps: Next Leg of Crisis - Soros

Now that we all know what Soros is warning, why doesn't he urge action by those who can do something to stop that "sword of Damocles" from falling! Surely he's listened to -- and I hope HEEDED -- by those who can act before it's too late, though judging from the subprime/housing fiasco I'm afraid it's too late to prevent a credit default swaps fiasco. If only it had a less cumbersome name -- something like "subprime" -- that the pundits could use in bloviating about why you're losing your shirt.
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