verygreen

Bond Expert: Friday Wrap

I have a question: if this article is true, will U.S. be a Tantanic to sink very soon?
"The $55 trillion question
The financial crisis has put a spotlight on the obscure world of credit default swaps - which trade in a vast, unregulated market that most people haven't heard of and even fewer understand. Will this be the next disaster?"
from:money.cnn.com/2008/09/...