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Saturday, September 20, 2008

Biggest gamble in history - Credit default swaps

http://www.time.com/time/business/article/0,8599,1723152,00.html

Size of market
Credit default swap - USD 45 trillion
Stock market - USD 22 trillion
Housing market (mortgages) - USD 7 trillion
US Treasuries - USD 4 trillion
at

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