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News & Current Events Discuss Swaps and the Congressional Bill at the General Forum; There's a lot of information here about what might be holding up the proceedings on the hill. I simply gave ...

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Old 09-26-2008, 12:01 PM
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Arrow Swaps and the Congressional Bill

There's a lot of information here about what might be holding up the proceedings on the hill. I simply gave the url's so you can read it at your leisure.

Nightly Business Report . Bernanke & Paulson Take To The Hill | PBS

Below is one of a three part series explaining what credit swaps are and why they may be important in consideration of any bill now contemplated.
According to some annalists (in the financial profession) , the original bail out plan, nor the amended one will cover the crises.
Credit default swaps: The Real Reason for the Global Financial Crisis...the Story No One's Talking About.
I'm sure our lawmakers are scrambling just as we are to fully understand the root of the problem so they can deal with it in an efficient manner.
Let us hope and pray they do seek and receive sound advice!
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