Credit Default Swaps - the next crisis?pt2

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Uploaded by on Jul 25, 2008

BBC Newsnight feature by Alex Ritson on a little-known financial product that scares the wits out of some of the biggest names in the investment world. "This could bankrupt the bank where you have YOUR savings" Part 2 of 2

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  • @insultant: you might want to alter your statement?!

  • Death to all of these greedy scum.

  • Isn't Jeff Green a nice humble fellow?? ...Greedy tossers!

  • Entertaining to watch. Thanks for sharing.

  • hehe the world is a big place not all of it is leveraged out

    for instance Canada is #1 in the world

    when it comes to honest banking

    I suspect China and Russia are not all that leveraged out either but not certain there

    the bottom line is America owes trillions.

    well I am not one to argue so I would say

    its all in a ball of wax and rolling down hill

    fast .

  • Hey, Dave! Long time no talk. It turns out that the rest of the world is leveraged worse than the US. EU at 60-1 average whilst the US is 30-1! That is why the Dollar is gaining against most world currencies. The world is once again running to the Dollar for safety. You'll have to look elsewhere for someone to blame now.

  • but notice when he said "people that exaggerated their income." those people that lost their homes were buffoons that had no business taking a mortgage they couldnt pay for in the first place. he made money off people that were responsible for causing the catastrophe in the first place.

  • i can pay you with my credit card .

  • 6:18 - I like the bit where the billionaire says "it's always sad to see people losing their homes" while sitting on the varanda of his Malibu mansion with the sea lapping upon his own private beach in the background!

    Nice touch!

    You would never see that on a us news programme! Beautiful.

  • those days are over that is why Americans will be left in the wind wearing rags

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