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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (16228)	1/11/2009 10:22:35 AM
From: carranza2	Read Replies (2) \| Respond to of 71456

The giant derivative Ponzi scheme outgrew the Fed and collapsed under its own weight. Not really. The scheme continued con brio after subprime's problems became known. One of the articles you cited mentions a factual tidbit I once knew but had forgotten: notional derivative values increased after the bailouts began. The government was on the risk not the counterparties. A lot of galling things happened but that was the most infuriating.

To: Real Man who wrote (16228)	1/11/2009 8:31:31 PM
From: RockyBalboa	Respond to of 71456

Vi: they are working overtime to reduce the mountain of swaps See here creditex.com London and New York, NY – Creditex and Markit today announced the compression of $1.036 trillion in notional value of credit default swap (CDS) transactions since the successful launch of a coordinated programme of multilateral trade terminations in August this year.