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Saturday, May 22, 2010

Greed Exposed : The 'Naked Credit Default Swap' http://theragblog.blogspot.com/2010/05/greed-exposed-naked-credit-default-swap.html

Don't let your eyes glaze over and stop reading this post because you don't know what a "naked credit default swap" is. This is very important and I'll try to make it easily understandable. It is important because these "naked credit default swaps" are one of the major reasons for Wall Street troubles that kicked off this recession, and if nothing is done about them, we could easily see a repeat of these problems in the near future.

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