Credit Default Swaps - the next crisis?pt1

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 1 of 2

Category:

News & Politics

Tags:

• credit default swaps
• derivatives
• newsnight
• Alex Ritson
• ritson
• crunch
• financial meltdown

[alambka]

Compare this to the dumbed down IDIOCY on CNBC.

[FriedDaisy]

handydude6: Public figures like Dennis Kucinich, Ron Paul & Mike Gravel have stood up in a big way & organizations like the Campaign for Liberty have been very vocal & you can find several radio talk show hosts who dedicate most of their air time to these subjects, as well.

The biggest problem facing any meaningful movement for change is the mainstream media & its mission to lull & distract the public from the men behind the proverbial curtain who are holding the world's puppet strings.

[dh234]

Yeah, if it was a EU company who made CDS here, the EU wouldn't bail the company out.

[saintveil]

US taxpayers bailing out the entire planet, every global investor who had purchased CDS. Some bought two insurance policies, being that there were no restrictions.

[dh234]

I see what you mean. We deserve to be on the up swing of these businesses when they recover because we had to bail them out. We the taxpayers have the right to demand payments as they recover, to avoid being victims of the inflation once they recover to being billionaires again.

[handydude6]

Thank you ... you are right. I guess I surfed too much web and I forgot how to spell. lol

[aln2325826571]

serfs not surfs - but i quite agree.

[tonmagicwon]

why are we whispering?

[FriedDaisy]

There are people standing up, but you'll not see their efforts broadcast in the mainstream media. 2008 has been a year of protests, rallies, marches & political awaking that has scared the beejesus out of corrupt politicians, criminal corporations & the big bellied bankers who've been capitalizing, big time, off the ignorance of the general population.

[FriedDaisy]

flangelet: yanks don't know what they prefer because they haven't been given proper choices. They weren't given proper choices because unlike other nations they have a Constitution which affords to them an opportunity to do something about wrongdoing when it's brought to their attention Those in charge (the corporations who own the news organizations) are not motivated to reveal their wrongdoing to yanks via their news programing because they'd all have their heads on a stake by now.

[handydude6]

No one is standing up to say; this meltdown was planned, and that it's about global financial, media, and political FASCISM. The US people have been dumbed down, by the CFR controlled media, and Rockefeller/Catholic educational dark ages. If the people knew what was really going on with the Central Bank the FED; there would revolution by morning. The foreclosed mortages are bundled and kept as assets by the money changers. America is quickly becoming a nation of surfs, renting from the Lords.