60 Minutes: The Bet That Blew Up Wall Street
Submitted by theStockMasters... on Mon, 10/27/2008 - 16:10
Tags:
Steve Kroft reports, essentially they are side bets on the performance of the U.S. mortgage markets and the solvency on some of the biggest financial institutions in the world. It's a form of legalized gambling that allows you to wager on financial outcomes without ever having to actually buy the stocks and bonds and mortgages.
Here's the Video:
Happy Monday.
Best of the Blogs
BlogDroid 600
Scanning and identifying the best blog entries every hour
- Could This Be The Day? | iBankCoin.com
- Intraday Look and Analysis: Be Like the Fonz | iBankCoin.com
- RSI2 is (Not) Dead. Long Live RSI2. | iBankCoin.com
- New Buy | iBankCoin.com
- Deja LOL As Financials Continue To Plunge | ZeroHedge
- Cycle Check | Financial Sense
- FBI Opens Inquiry Into JPM Loss | ZeroHedge
Latest Headlines
Newsbot 3000
The most relevant financial news and articles from the Internets
- Greek Turmoil: Here's What Happens Next | Business Insider
- Italian Yields Shoot Higher After GDP Whiff | Business Insider
- April Retail Sales Come In Line With Expectations, Rising 0.1% | Business Insider
- Take An Amazing Photo Tour Of Morocco's Extreme Landscapes | Business Insider
- Why I Am Buying Pandora at Any Price | TheStreet.com
- Notable ETF Movers of the... | StreetInsider.com
- Bill Ackman Is Pitching JC Penney At The Ira Sohn Conference | Business Insider
Post new comment