Vcgh2000 11:29:09 AM Jul 29 2008

The Counterparty Credit Default Swap....think I got that right,was dreamed up so banks could make a profit, useing computer models, under any circumstances. Forget Derivatives, this is how bad our Financial Institutions have deteriorated. Worldwide losses under this scenerio approach one Quadtillion dollars.....any wonder so many people bury their heads in the sand.

Lionshmglbn 10:09:22 AM Jul 29 2008

F-cked Up Beyond All Recognition, ..... but Not Dead , hopefully.

Lionshmglbn 10:08:38 AM Jul 29 2008