Politico: The Grassy Knoll

Radical Alternative to Perpetual Economic Slavery of the "Bailout"

Posted from 911blogger.com blogs 66 days ago

CREDIT DEFAULT SWAPS - THE INSANE PROBLEM AND THE RADICAL BUT SANE SOLUTION September 25, 2008 By Chuck Simpson LINK: http://www.opednews.com/articles/CREDIT-DEFAULT-SWAPS--THE-by-Chuck-Simp... The paramount reason for today's cancerous credit crisis is seldom even hinted and never explained. First, a simple definition. A credit default swap is a form of insurance. A variant of mortgage insurance required of many home purchasers. An insurance policy that requires a company with financial strength to step up to the plate and pay the mortgage if for some reason the home buyer defaults. A cred... (original story)