The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
who knows how much in derivatives based directly or indirectly on CMOs that are now in legal limbo land
To give an idea of the range of what has been thrown into question:
The ISDA reported in April 2007 that total notional amount on outstanding credit derivatives was $35.1 trillion with a gross market value of $948 billion (ISDA's Website). As reported in The Times on September 15, 2008, the "Worldwide credit derivatives market is valued at $62 trillion".
Putting that in perspective, the total global yearly GNP is estimated to be $67 trillion.
Skepticism is the first step on the road to truth. -- Denis Diderot
by ManfromMiddletown - Oct 20 44 comments
by gmoke - Oct 7 3 comments
by ARGeezer - Oct 7 60 comments
by DoDo - Oct 3 10 comments
by Frank Schnittger - Sep 29 19 comments
by Crazy Horse - Sep 29 25 comments
by ManfromMiddletown - Oct 2044 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments
by Crazy Horse - Sep 2925 comments
by Frank Schnittger - Sep 2919 comments
by Frank Schnittger - Sep 274 comments
by Cyrille - Sep 24136 comments
by afew - Sep 2240 comments