Financial Bailout - How it works

wyadvd

this explains CDS (not for sovereign debt but corporate debt): and the second video is the most informative if you stick with it.

http://www.youtube.com/watch?v=a1lVOO9Y080

brigez

Interesting videos, I've long thought that a lot of the money in the world doesn't really exsist and that most of it was promises and IOUs.

Anyway I'm of to do some of my own household QE with my only £20 note and a colour photocopier :twisted: