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No problem. I really didn't know much about it, as some here told me, until I actually listened to that program two weeks ago. It taught me a lot. It's very concise and entertaining. Ira Glass rocks.

http://audio.thisamericanlife.org/player/CPRadio_player.php?podcast=http://www.thisamericanlife.org/xmlfeeds/365.xml&proxyloc=http://audio.thisamericanlife.org/player/customproxy.php They get intensely into CDS's @ around 22:45

http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/vJRGEwtqBFQM.asf&vCat=/adviser&RND=946058357

OPEC will attempt to cut production and ride oil back to the $80-$90 range. Saudi Arabia will veto the attempt, however, and we'll see $55 oil soon.

His views and words - not mine. Interesting commentary. He wrote this, in part, to rebut Barron's lighter take this weekend, I do believe. Not Your Grandfather's Great Depression by: Peter Schiff October 19, 2008...

You Republicans are all douchebags. Bush has been the biggest spender since FDR, with his Republican accomplices controlling the purse strings for 6 out of the last 8 years. Not only has he been the biggest spender, he's wasted the money on bullshit rather than sound investment. A 2-3...

Your reading comprehension skills suck badly. He never mentioned he was me. That's just a tortured interpretation. Put your money where your mouth is. We'll have a mod check IP addresses and hold the cold, hard cash. Name the wager, but don't waste my time with anything less than a...

S2 posts some of the best articles around, so that's complimentary. Anyone on this site who posts relevant and helpful information, whether articles or opinions seems to have a set of stalkers. ET Paparazzi?

Don't forget that Florida and Texas are debtors paradises. No matter how lavish the spread, creditors can't attach to a primary residence of a debtor in either state. O.J. Simpson residing in Florida (prior to his recent legal episode)? Not a coincidence.

Currencies and Commodities - two things that should scare anyone out of their mind. I guess some people have mastered consistent profits trading these, and more power to them, but I can't comprehend it. DANGEROUS.

Okay, let's assume 35 trillion. Does anyone have a reasonable, or even remotely reasonable, method of calculating the prospective losses on that 35 trillion by the time all is said and done? Also, does anyone have the faintest idea of how long the whole unwinding process will take? Months...

He has paid all penalties and interest. Depression is very real. You are maybe being a little too judgmental, harsh, and lacking compassion?

(Page 3 of 3) In some instances, private investigative and accounting firms are now conducting investigations, taking witness statements and even testifying before grand juries, in effect preparing courtroom-ready prosecutions they can take to the F.B.I. or local authorities. “Anytime...

F.B.I. Struggles to Handle Wave of Financial Fraud Cases By ERIC LICHTBLAU, DAVID JOHNSTON and RON NIXON Published: October 18, 2008 http://www.nytimes.com/2008/10/19/washington/19fbi.html?_r=1&hp&oref=slogin WASHINGTON — The Federal Bureau of Investigation is struggling to find...

G-d bless the midwest and the great game of golf. Poor strippers - making half what they used to. :(

These are unregulated and not traded on any exchange. The problem, no - crisis - they they've created is that no one knows who is exposed to them, and by how much. This is why banks and financial institutions won't lend money. They're afraid the recipient has exposure to CDS liabilities...

Scratch that. It was 4 billion received on 300 billion of CDS obligations. If my calculator is working correctly, that's 1.3 cents on the dollar. How many counterparties got annihilated in the process?

By the way, Zuckerman is on Bloomberg Saturday talking exactly about this and the NOW conventional wisdom that this could be every bit as disastrous as the article suggests. "Nobody knows where this ends." "That is a nonsensical answer by [Bernanke] and [Paulson]..." - when asked by the...

8.2 cents on the dollar? or 8.6 cents? I can't remember which. That doesn't bode well, given the much greater publicity of that event and the efforts the government has taken to establish a price - any price - for Lehman CDS's.

http://seekingalpha.com/article/996...icle_sb_popular Coming Soon: The 600 Trillion Derivatives Emergency Meeting by: The Prudent Investor October 13, 2008 Toni Straka Here is an update on the size of the derivatives market with the latest official figures (.pdf) [...