Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TigerPaw who wrote (424948)	10/12/2008 6:18:19 AM
From: Road Walker	Read Replies (2) of 1578389

The market for such risky loans would have been saturated quickly if not for the uncapitalized Credit-Default-Swap psudo-insurance. Exactly. Even now, I don't think the major part of the problem is the mortgages... it's more likely the estimated $62Trillion in CDSs. $62Trillion in fantasy stuff that didn't exist, what, 10 years ago? Credit default swaps are truly the black hole of the world market and they are sucking everything down into them.

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