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Mr. Quinn - I always enjoy your writing. I have great hope that the 60 minutes special on "credit default swaps" and the talk of the Chicago Mercantile Exchange stepping in to broker these "shadow insurance" exchanges, will help to clean up some of the mess.
Oct 07 08:22 am
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All Comments by illatease »Our Coming Depression [View article]
Everyone looks at housing but we have had housing booms and busts before. The CDO - CDS situation is holding us back - trust? - what trust.
This matter must be cleaned up and regulations put in place if we hope to proceed as a nation.
Our advantage? In America, we talk about our problems. The 60 minutes special got the word out. Now the public outcry needs to swell. Maybe something can be done yet.