tag:blogger.com,1999:blog-19376991.post8980503202738093621..comments2008-09-27T13:56:07.746-06:00Gordo Byrnhttp://www.blogger.com/profile/03794373462790192089noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19376991.post-56754696798880947152008-09-27T10:35:00.000-06:002008-09-27T10:35:00.000-06:00Thanks for the link to John's page. He is a good writer. I looked at wikipedia before I asked you. It was like reading a russian bible. John's stuff is more my speed. Thanks againBRFOOThttp://www.blogger.com/profile/07901808062166594035noreply@blogger.comtag:blogger.com,1999:blog-19376991.post-23558491911916846392008-09-27T09:10:00.000-06:002008-09-27T09:10:00.000-06:00CDS -- I'm not a derivative specialist but the explanation on wikipedia is a good summary.<BR/><BR/>http://en.wikipedia.org/wiki/Credit_default_swap<BR/><BR/>The issues that have arisen are due to lack of regulation and transparency. CDS' have been used for speculative purposes rather than insurance.<BR/><BR/>You can find more at this link:<BR/><BR/>http://2000wave.com/articlesearch.asp?target=CDS<BR/><BR/>Search John's articles for CDS -- he is a great writer on these complex financial issues.<BR/><BR/>gGordo Byrnhttp://www.blogger.com/profile/03794373462790192089noreply@blogger.comtag:blogger.com,1999:blog-19376991.post-90624100757634593112008-09-27T03:54:00.000-06:002008-09-27T03:54:00.000-06:00Can you explain to a group of 3rd graders,me, credit default swap?? which apparently is at the core of this crisis. It seems like a game of musical chairs,loans. And someone ,AIG, promises that all players will get a place to sit. Or AIG will give them their money back. So if one of the chairs gets tipped over no problem AIG pays. But when the chairs started falling like dominoes. AIG,and others didn't have the cash to pay all the losers???BRFOOThttp://www.blogger.com/profile/07901808062166594035noreply@blogger.com