machine_dove: (Earth-logic)

Obey the red caps!

posted by [personal profile] machine_dove at 04:15am on 22/10/2008
NOTE:  THIS DOES NOT GO IN YOUR LIVEJOURNAL
There is 1 comment on this entry. (Reply.)
machine_dove: (Erika Ass)

Via aniki21

posted by [personal profile] machine_dove at 05:28am on 22/10/2008
This.

Q. What are the risks posed by credit-default swaps?

A. The first risk is their sheer size. Writing in Sunday's New York Times, Christopher Cox, chairman of the Securities and Exchange Commission, estimated there were $55 trillion in credit-default swaps outstanding, which is larger than the combined gross domestic product of every country on Earth.

WUT. IT DOES NOT TAKE ADVANCED DEGREES IN FINANCE TO SEE THAT THIS MIGHT BE A FREAKING PROBLEM, PEOPLE!
There are 2 comments on this entry. (Reply.)

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