MSNBC Greenspan

From: WeathermanBill <no@xxxxxxxx>
Date: Tue, 08 Apr 2008 18:57:44 -0500

So Greenspan says that "credit default swaps" are good deals as these
instruments spread risk. Heard of CDOs but not CDSs so found this
http://www.time.com/time/business/article/0,8599,1723152,00.html

Can anyone explain what the hell is going on in finance with these
things. And what else are they doing now that is unregulated and is
just down the road to bite us in the butt??

Weathermanbill
.

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