So what are credit default swaps?

[dipsydoodle]

Some good explanations : http://news.bbc.co.uk/1/hi/business/7641528.stm

and this one I picked up last week from another DUer for which I was extemely grateful but have lost his own post to credit him directly.
http://www.opednews.com/articles/1/CREDIT-DEFAULT-SWAPS--THE-by-Chuck-Simpson-080924-49.html

[Lasher]

1. And here's a good primer

Funny too.

The Subprime Primer

[dipsydoodle]

4. Accurate too

thanks for that. Useful to send to those who can't rise above anything other than cartoons to actually grasp anything.

[malaise]

2. Great one here

http://www.moonofalabama.org/2008/04/the-problem-wit.html

Google IMF and credit default swaps. Get scared.

[dipsydoodle]

6. Ta Malaise.

Interesting to note the earlier date too.

off topic - check this group out : http://uk.youtube.com/watch?v=ekQZPozjCX8 They take standard numbers and change the rhythm.

[malaise]

7. Thanks

:hi:

[customerserviceguy]

3. In short, legalized gambling

but then, so much of what is called "investing" is really the same thing, just not quite as risky, or founded on as little truth.

[KewlKat]

5. One of our DUers posted a great recap here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=114&topic_id=44395&mesg_id=44395