Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives. Wonderful news from Al Gore! (weapons, economy)

[nicet4]

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

As I have previously shown, speculative derivatives (especially credit default swaps or "CDS") are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.
According to top experts, risky derivatives were not only largely responsible for bringing down the American (and world) economy, but they still pose a substantial systemic risk:

• A Nobel prize-winning economist (George Akerlof) predicted in 1993 that CDS would cause the next meltdown

• Warren Buffett called them “weapons of mass destruction” in 2003

snip

With this group ALWAYS follow the money!

[HappyTexan]

Blythe Masters is the girl.

See, girls can excel in math if given the opportunity and can break through that glass ceiling

[pommysmommy]

Originally Posted by nicet4

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade



With this group ALWAYS follow the money!

Shocking, just shocking!! lol