Forum Post: Selling More CreditDefaultSwaps on Europe Debt Raises Risk for U.S. Banks

Selling More CreditDefaultSwaps on Europe Debt Raises Risk for U.S. Banks

http://www.businessweek.com/news/2011-11-02/selling-more-cds-on-europe-debt-raises-risk-for-u-s-banks.html

"Guarantees provided by U.S. lenders on government, bank and corporate debt in those countries rose by $80.7 billion to $518 billion, according to the Bank for International Settlements. Almost all of those are credit-default swaps"

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Max Keiser & his co-host Stacy Herbert address the article above in the video link below, and it pops up in their discussion at the 10:14 minute marker (Hilarious)

[KR206] Keiser Report – Financial Rape & Pornography

http://maxkeiser.com/2011/11/05/kr206-keiser-report-financial-rape-pornography/