The fact is that credit default swaps and other complex derivatives that have proved to be instruments of mass destruction still remain entrenched in our financial system three years after our economy was almost brought to its knees. Editor’s Note: Credit default swaps were the glue that held the mortgage meltdown scheme together. If there […]

Tags: Bernanke, credit default swaps, derivatives, Greece, Gretchen, Martin mayer, Morgenstern, Ny Times, SEC, Wall Street bankers
Posted in bubble, Corruption, Eviction, securities fraud |