SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (241553)3/12/2008 4:04:20 AM
From: unclewest  Read Replies (2) | Respond to of 794050
 
The problem is that the default risk is 'covered' by credit default swaps which are held by banks and other financial institutions. The risk attendant in these swaps is in my estimation what the crisis is mostly about.

I believe that banking institutions are more dangerous to our liberties than standing armies.
The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
~Thomas Jefferson


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News