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Life and Times of an itinerant slacker in Sacramento. Thrills, Spills Galore coming soon. Not to mention lots of opinions.

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Wednesday, March 11, 2009

Credit Default Swaps Explained (In Under Two Minutes)

This is the clearest explanation of AIG's credit default swap mess That I have ever seen. In less than two minutes, you can learn how AIG produced a multi-trillion dollar housing bubble and killed the goose that laid the golden egg.



That's my story and I'm sticking to it.

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I must enjoy shouting into a vacuum, but I think about getting my act together one of these days. My mom says I am very handsome and intelligent.

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