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To: tumblindice

I think one would be Credit default swaps(CDS) These are what the bankers are all terrified about. This is what is really threatening them. They wrote insurance to each other on all the garbage. AIG did this big time too. This would be considered a credit instrument as per the definition in this bill.

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


25 posted on 09/21/2008 1:01:05 PM PDT by Revel
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To: Revel

good article, very informative/difficult subject for many of us.


27 posted on 09/21/2008 1:07:19 PM PDT by tumblindice (I'm sticking by my guns and voting for conservatives.)
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