http://thefundamentalview.blogspot.com/2009/09/china-and-buzz-of-pending-bank-default_03.html
There are over 1 Quadrillion Dollars worth of derivatives in the world today.. it was these very same derivatives under different names that brought down Enron.. they changed the names from VDS's to CDO's and CDS's and they brought down Leahman and Bear Sterns, forced massive bailouts of too big to fail financial organizations like Citi and B of A and sparked trillions in stimulus to keep credit flowing...
Now comes the next wave.. I'm not saying that this particular threat is the exact one.. but it sure is a canidate... China can take down JP Morgan for the same dirty dealing that backfired on Enron and Bear Stearns, fannie mae and freddy mac... Oh and lets not forget AIG
One Quadrillion , a thousand trillion, a tisket a tasket, we have a very full basket... we haven't cleared the first 100 Trillion in derivitives yet.. and here is another bomb tick tick tick
There are over 1 Quadrillion Dollars worth of derivatives in the world today.. it was these very same derivatives under different names that brought down Enron.. they changed the names from VDS's to CDO's and CDS's and they brought down Leahman and Bear Sterns, forced massive bailouts of too big to fail financial organizations like Citi and B of A and sparked trillions in stimulus to keep credit flowing...
Now comes the next wave.. I'm not saying that this particular threat is the exact one.. but it sure is a canidate... China can take down JP Morgan for the same dirty dealing that backfired on Enron and Bear Stearns, fannie mae and freddy mac... Oh and lets not forget AIG
One Quadrillion , a thousand trillion, a tisket a tasket, we have a very full basket... we haven't cleared the first 100 Trillion in derivitives yet.. and here is another bomb tick tick tick