Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (425590)	10/13/2008 3:57:24 PM
From: Road Walker	Read Replies (3) of 1574683

You end up with $62 trillion of CDS's securing over $500 trillion of what the buyers thought were solid derivative investments, but which actually seems to be smoke. The real question is, how do you unwind the $62 Trillion in CDSs, that are bigger than the capitalization of the entire US stock market???? It's just fuking amazing that these thing have only existed for 5+ years or something and they are bigger than the entire US stock market! Hello, how the fuk did this happen????

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