[Pen-l] article on CDS

[Dan Scanlan <coolhanduke1029@xxxxxxxxxxxxx>]

"Our recent bailout is only $700 billion, a tiny fraction of the  
outstanding CDS and not enough to make a tiny tiny dent in the debt  
the financial institutions are now holding. So what did our elected  
officials just do? They bailed out their campaign donors and gave them  
a chance to cash in their chips and leave the game with some cash in  
their pockets. "

full: http://www.chron.com/disp/story.mpl/front/6050283.html

Note the Texas Sceptic comment after the article.


Dan






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