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History Lesson and Bear Market Advice

The first real question is whether the scarcity of money will engender a depression which will last longer than 10 years. The second question is whether the $55 trillion in credit default swaps will cause major finance companies to go down. Lehman's downfall has caused a demand for credit default swaps on Lehman debt to pay up. Can all the CDSs be fulfilled? If not what happens? Who goes bankrupt? How many hedge funds? How many insurance companies and banks? What about GMAC and GE Credit? No one knows because there is no transparency. The first thing the government must do is demand detailed transparency on CDSs and set up a database of these securities and a market for trading them or any other synthetic securities.