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Old 11-02-2011, 07:15 AM
 
29,419 posts, read 18,716,678 times
Reputation: 5437
Appears these clowns didn't learn their lesson. Thanks to congress they didn't really have to. They were told they're too big to fail. Playing with house money (taxpayers money) you can't lose it appears to these folks.

Nov. 1 (Bloomberg) -- U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults.
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, said two people familiar with the numbers, accounting for two-thirds of the total related to the five nations, BIS data show.


Selling More CDS on Europe Debt Raises Risk for U.S. Banks - Businessweek
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