fkusumot on 07 October 2008
| smallflyingtaco said: You want to talk about bad deregulation look to Credit Default Swaps. If those start to go everything could fall apart and the current situation seems to make that seem possible. They are totally unregulated and scare me to death. |
That is what fell apart. The swaps and derivatives. The financial weapons of mass destruction have gone off and will continue to overwhelm the system.
