To: dangermouse
From what I understand, Poland is about to default on debt. Same with Ireland. The Euro is tanking on this news, dollar soaring, temporarily at least. Big worry is that counterparty risk through derivatives will cause the defaults in Europe to “jump the pond” and the whole ball of wax starts melting down.
16 posted on
02/16/2009 7:57:00 PM PST by
jsh3180
To: jsh3180
So when does the rioting and looting start?
21 posted on
02/16/2009 7:58:22 PM PST by
randomhero97
("First you want to kill me, now you want to kiss me. Blow!" - Ash)
To: jsh3180
what this means AIG and others are insuring this bad stuff through derivatives right?
256 posted on
02/17/2009 2:05:07 AM PST by
nyconse
To: jsh3180
...Poland is about to default on debt. Same with Ireland. The Euro is tanking on this news, dollar soaring, temporarily at least. Big worry is that counterparty risk through derivatives will cause the defaults in Europe to “jump the pond” and the whole ball of wax starts melting down. Jump the pond? The one between us and them?
282 posted on
02/17/2009 7:55:49 AM PST by
GOPJ
(A person who will lie for you, will lie against you.)
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