Will it work? Watch the banks
The biggest bailout since the Depression is aimed not at relieving unemployment or reforming business, but at resuscitating markets debilitated by bad bets in housing. If it is working, interest rates will tell. Full story
I find it so sad I have to resort to Googling some of the terms in this article, which leads me to wikipedia: Credit default swap - Wikipedia, the free encyclopedia. And find half a page with mathematical equations on the Credit Default Swaps.
The Monster That Ate Wall Street
How 'credit default swaps'—an insurance against bad loans—turned from a smart bet into a killer.



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