Friday, March 13, 2009

60 Trillion Dollar Time Bomb Worth Of Credit Default Swaps Out There

That's more then the annual global GDP.

Here's how the banks and speculators gambled with your and your grandparents savings, 401K and mutual fund investments in what was similar to putting your money on a horse at the rack track or the using it to play at the roulette table in Las Vegas. The only question I have is, when will these bastards be charged, jailed, tried and sentenced? Like Goldy says over at HorsesAss, the only one really reporting this stuff it seems is a freaking comedian named John Stewart.

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