BlackListed News: What Do Rising Sovereign Credit Default Swaps Mean?

Posted on February 8, 2010
Filed Under Critical Issues | Leave a Comment

Ferguson warns of huge government debts threatening the solvency of entire nations:

“The idea that countries don’t go bust is a joke… The debt trap may be about to spring … for countries that have created large stimulus packages in order to stimulate their economies.”

But whether or not large nations actually go bankrupt, one thing is clear . . . Larry Summers, Ben Bernanke, Tim Geithner and their foreign counterparts have failed.

Read Full Article Here: What Do Rising Sovereign Credit Default Swaps Mean? – BlackListed News.

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