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The Sub Prime Meltdown is but the Tip of the Iceberg

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opednews.com

...a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage Obligations, CMOs as they are called, are only the tip of a colossal iceberg of dodgy credits which are beginning to go sour. The next crisis is already beginning in the $62 TRILLION market for Credit Default Swaps. You never heard of them? It's time to take a look, then.

Read the rest of the story HERE:

At www.globalresearch.ca

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