Posted 2 years ago on Nov. 5, 2011, 7:34 p.m. EST by MonetizingDiscontent
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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)