Where is the United States is heading Financially. Pl. watch the Presenta..


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ftfl   
Member since: Jul 06
Posts: 2335
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Post ID: #PID Posted on: 30-09-08 20:23:41

How 'credit default swaps'—an insurance against bad loans—turned from a smart bet into a killer.

You will have to have a little time to read and get the hang of it. I am sure it will be well worth it. Also read the comments posted at the end of the article. There are others, who know and understand it have expressed their views in them. Some are really good.

http://www.newsweek.com/id/161199

It is well worth a read.

Freddie.

Credit goes to NEWSWEEK.



Contributors: Krazzyfour(14) ftfl(3) investpro(2) Loser(1) hchheda(1) ecom(1)



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