Posted 12 years ago on Nov. 5, 2011, 7:34 p.m. EST by MonetizingDiscontent
This content is user submitted and not an official statement
Selling More CreditDefaultSwaps on Europe Debt Raises Risk for U.S. Banks
"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"
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)