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The $58 Billion dollar elephant we own

The numbers surrounding "credit derivatives" are staggering. So much so, I just had to research this beast to find out what they are exactly. Where did they come from and who can I hang?

The link will take you to an excellent article "The $58 Trillion Dollar Elephant in the room" written by Jesse Eisinger. it probably explains this beast better than the 100 or so articles I have researched. Jesse deserves great credit for making this simple enough that I could understand it.

http://www.portfolio.com/views/columns/wall-street/2008/10/15/Credit-Derivatives-Role-in-Crash#page1

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Posted by Rick Fitzgerald -The MultiFamily Expert on 10/20/2008 12:23 PM

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Rick Fitzgerald -The MultiFamily Expert

Chattanooga, TN

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Multifamily investments and straight talk from a Senior Underwriter, Banker and Lender. Rick Fitzgerald and AAM Capital (www.themultifamilyexperts.com) covers multi family investments, banking news and commercial real estate. Find out what we can do for you by calling us today. Get the Mortgage and Loan Calculators widget and many other great free widgets at Widgetbox!

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