Saturday, October 11, 2008

What the Hell IS a Credit Default Swap

Hi All.

Sorry to be away. I was busy learning about economics. Now I am a certified lay master possessing just enough knowledge to hurt myself. Luckily, my friend Devilstower from Kos has a bit more knowledge than moi and I'm turning it over to him. Thanks to PD for this link. It's a bit long but not at all laborious reading, even for art majors, so if you really want a lay version of the skinny on the current mess we're in take the time to read it.

http://www.dailykos.com/storyonly/2008/9/21/9322/74248/245/602838

I'm working on a new internet connection, due to be up and running on 10/01 with my more robust computer so I will open the blog then.

Hope to see all those local to Staunton at the Meet and Greet with Sam Rasoul tonite. If you don't already know, Mill Street upstairs at 5:00.

FC

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