I tried to read a book called "The Credit Default Swap Basis." I tried, I really tried, but I simply couldn't absorb it. Maybe that's why they're in so much trouble now.
Hedge Funds around the world have invested in CDS contracts. I think the lid is about to pop off. http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3256253.ece This will make the Savings and Loan crisis look small by comparison. And where's my $600 check? I need the gas money.