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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (260232)	9/12/2003 6:15:33 PM
From: Real Man	Respond to of 436258

Ahh... Isn't it always? -g-

To: Lucretius who wrote (260232)	9/12/2003 6:17:04 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

biz.yahoo.com We almost had a blowup in July, stocks did not notice -g-. Another trend was commercial banks using credit derivatives as a means of taking on credit risk and revenue rather than hedging the risk in their loan portfolios. Credit default swaps, the main credit derivatives, are insurance-like contracts that allow buyers and sellers to trade protection against default. A seller of credit protection takes on the risk of default and is similar to extending a loan or buying a corporate bond. A total of 17 commercial banks sold credit protection totaling $364 billion, much higher than the $44 billion sold in the first quarter.