Monday, September 22, 2008

Gov. To Taxpayers: Bend Over a Little Bit More, Please...

Default Swaps May Be Next In Credit Crisis

Ultimate Moral Hazard Looms in the Markets
By JULIE SATOW, Staff Reporter of the Sun | September 22, 2008

The biggest Wall Street story most Americans haven't yet heard of is the $62 trillion unregulated credit default swaps market.

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