Judge it!
A $516 trillion derivatives 'time-bomb'
Most markets have something behind them. Central banks require reserves – something that backs up the transaction. But derivatives don't have anything – because they are not real money, but paper money.
http://www.independent.co.uk/news/business/ne...
this system has core flaws, now that "confidence that hid that has gone" all core flaws stand out exposed
Business News
Oct 12, 2008
Bush: US will work with partners on credit crisis
U.S. President Bush emerged from a meeting with foreign financial officials on Saturday and said they were cooperating on a global response to the credit crisis that will lead toward a "path of stability and ...
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