Tag Archives: credit default swaps

RED ALERT: CREDIT DEFAULT SWAPS EXPLAINED – Ann Barnhardt

as of 2008 News out of Brussels last night was that a package is being put together that would haircut Greek bonds by 70%, thus only paying back 30 cents on the dollar to anyone holding Greek paper. This will … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment

Follow the Yellow Brick Road

United States banks have “more than $80 billion of exposure to Italy, Spain, Portugal, Ireland and Greece”.  As outlined in an earlier article, the true figure is $616 trillion when derivatives are included. Technically $616 trillion is more than $80 … Continue reading

Posted in Civil Unrest, Editorial, Financial, Safety and Preparedness | Tagged , , , , , | Leave a comment

Occupy Wall Street Is Making Big Banks More Profitable

At last count, Occupy Wall Street had “donations” of over $300,000 in a Wall Streets bank. Based on the following article from CNNMoney.com, the big banks themselves may be contributing both to this account and to the success of this … Continue reading

Posted in Editorial | Tagged , , , , | Leave a comment