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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: zamboz who wrote (101747)2/28/2009 3:24:39 PM
From: Box-By-The-Riviera™  Read Replies (2) of 110194
 
it is the derivitives driving the "financial" sector bail outs. 56 trillion of counter party risk. the question is, will it work. it only takes one relatively small fire to start that trash heap burning. and it could arrive from anywhere. That's why GM has a seat at the table. it's not the jobs or the cars. same with GE eventually. Same in particular with AIG, Citi and so on. Lehman showed them what might happen. But it could still well happen. Either here, or starting somewhere else. Why do you think the EU is sending money to eastern europe now? Same thing. It could start anywhere at anytime, now, a year from now, years from now. Why has scotland just bankrupted itself, along with austria and swizterland in name if not in deed? Why is britain fast approaching it? same thing. Iceland was a cakewalk comparatively speaking.
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