Tag Archives: credit default swaps


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

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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

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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

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