To get a full impact of the meaning of the following graph, you may want to go back and read my posts from October 7, "Chain of Fools" and from September 26, "Credit Default Swaps: The Next Financial Crisis?"
Monday, November 03, 2008
Derivative Growth Continues
Read and weep. The banks still have not gotten the message. Then again, why should they when the Fed and Treasury continuous to bail them out.
To get a full impact of the meaning of the following graph, you may want to go back and read my posts from October 7, "Chain of Fools" and from September 26, "Credit Default Swaps: The Next Financial Crisis?"
To get a full impact of the meaning of the following graph, you may want to go back and read my posts from October 7, "Chain of Fools" and from September 26, "Credit Default Swaps: The Next Financial Crisis?"
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