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Author Topic: Shadow Markets That Crashed the Economy  (Read 594 times)

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Shadow Markets That Crashed the Economy
« on: October 06, 2008, 07:37:14 AM »
Anyone catch this on 60 Minutes last night?  A VERY interesting segment on 60 minutes regarding something called a Credit Default Swap, which appears to be a major cause -if not the cause - of the meltdown, is well worth watching:

http://calculatedrisk.blogspot.com/2008/10/60-minutes-wall-streets-shadow-market.html
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