Cute.

On a more serious note, I heard a public radio show this weekend that explained the current problem wonderfully. AND IT IS SCARY !!!

Most intertesting part is Act III "Swap Cops" (starts about 40minutes in). They had an earlier episode a few weeks back on mortgage mess which is also excellent.

http://www.thislife.org/Radio_Episode.aspx?episode=365

In summary the problem now is nontransparent "Credit Default Swaps". Which is basically insurance taken out on a loan (between banks). What got ugly is you can take the insurance out without being a participant in the loan! And nobody knew who was "betting" on whom. They are so interconnected globally through these "bets" that when a few banks go down they all go down.

- Fiddler (IMHO)

If you think listening to music is fun, try learning an instrument.
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