Tuesday, February 16, 2010

The John Batchelor Show :: February 15, 2010: Hour 2 - Podcasts

I love this show!

I do a lot of reading and still missed this. So Greece, one of the members of "PIIGS" used the same CDS (Credit Default Swap) schemes used by Goldman Sachs here in the US to hid bad debt? Did I get that right? Now Germany will own their asses again (peacefully this time). Oh the irony.

Hard to tell the players without a program. Are we adopting the European model or are they adopting ours? Maybe a bit of both, going down the tubes together.

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