Power of Story Send a Tweet        

Share on Google Plus Share on Twitter Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
Best Web OpEds

Evolution Securities Warns Of "Total Carnage And Meltdown" As European Bank Sales Of CDS On European Sovereign Debt Soar

Quicklink Submitted By   Follow Me on Twitter     Message Dr Stuart Jeanne Bramhall     Permalink

Related Topic(s): ; ; ; ; , Add Tags  

View Ratings | Rate It

opednews.com

Author 47501
Become a Fan
  (67 fans)
Image uploaded from a quicklink
Copyrighted Image? DMCA
Europe is now the new AIG. European banks are buying massive amounts of credit default swaps (CDS's) on the sovereign debt of their own countries. Put simply, European banks, in order to generate modest cash flow to plug large capital shortfall holes, have been selling trillions of dollars of CDS's that can't ever be paid. It was precisely this behavior that destroyed AIG when the illusion of the credit bubble burst.
Read the rest of the story HERE:

At www.zerohedge.com

 

- Advertisement -

View Ratings | Rate It

opednews.com

I am a 63 year old American child and adolescent psychiatrist and political refugee in New Zealand. I have just published a young adult novel THE BATTLE FOR TOMORROW (which won a NABE Pinnacle Achievement Award) about a 16 year old girl who (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -