Quote:
Originally Posted by mykalberta
They had an interesting 60 minutes show. Apparently some Hedge Fund Managers made out very good in the Credit Default Swaps as in the multi billion in profits kind of good. They listed some names and companies that I havent heard of.
After watching a few of the last 60 minutes programs, the whole mess is making a little bit more sense - not a lot but a little.
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I didn't watch the program, but just reading a summary on the net ... thats not the worst stor(ies) I've read. If you really are interested, read Burton Makial's "A Random Walk Down Wall Street" - some of these stories, you will laugh, cry and shake your head all at the same time.