Thus, we also approach the dreaded inflection point for the credit default swaps. Nobody believes that this Mount Everest of jive bond "insurance" can actually pay out, since the first instance of any attempt will bankrupt everybody."What Gives." By James Howard Kunstler, Clusterfuck Nation, 1/16/12.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
January 16, 2012
All fall down.
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