The Financial Crisis

Joe,

I know how much you like to keep people informed

So I would like to pass this little tidbit of information along to you.

First from march

http://www.time.com/time/business/article/0,8599,1723152,00.html

and then recently

http://www.businessweek.com/ap/financialnews/D93MCI5O3.htm

seems that credit default swaps are at the core of these failures