[Sunnyflorida]

http://en.wikipedia.org/wiki/Credit_default_swap

Make sure you have an empty stomach before you read the above link.

This is how the big NYC BDs survived the movement to discount brokers and boutique investment banks and why they should not be rescued no matter how many NYC city jobs are lost. And why McCain got it right (accidentially?) and Cox should be fired. It was in his authority to write down these “assets” the first time they appeared on a balance sheet.

[rodguy911]

Thanks a lot I will check it.

[rodguy911]

This is big league stuff,I don't see Rush picking this one up any time soon. This would be near impossible to do on radio.(and still have an audience)