Credit Derivatives Market Starts To Fall Out of Bed. *THUD* $924 Trillion Problem.
September 30, 2008 – 8:23 am
The credit derivatives market was created to help banks hedge their risk. However, people found ways to make money with credit derivatives and it became a “revenue stream” … now with $924 Trillion worth of derivatives are about to destroy the remnants of the shadow banking system.
In the Panic of 1907, J.P. Morgan bailed out Wall Street.
The person who bails out Wall Street will become a titan.
Hmmm … maybe it will be a country? 
Not a person.
