Dwqe About 4 in 10 Americans see China as an enemy, a Pew report shows
Question/Comment: You mentioned in your report that there are $64 trillion in CD swaps out there. AIG only had a few hundred billion. Who has the rest Are there really $64 trillion of bad mortgages out there Paul
stanley cup Solman: Good questions, but before I answer them, an update. The current number for the total of credit default swaps out there seems to be around $55 trill
stanley cup ion. A trillion here, a trillion there and you ;re talking about a real difference.Okay, who has written all the swaps
stanley cup and is on the hook for the insurance they represent Well, AIG alone had half-a-trillion, now presumably owned by the people of the United States. You only need another hundred or so financial institutions with AIG-sized CDS portfolios and you ;ve got your total. I read recently, I think, that one U.S. bank had more than $1 trillion -worth in an off-balance sheet account. It wouldn ;t take too many of those to get to 55.To your second question: it NOT JUST MORTGAGEBACKED SECURITIES that are insured. As I suggested last night, credit default swap insurance can and was issued on corporate debt, government debt, ANY debt. I saw an estimate of $300 trillion dollars in world debt outstanding. The U.S. alone has a national debt of nearly $10 trillion.But beyond that, you can write an INFINITE amount of insurance if you want to. Suppose I insure my life for $100 million dollars. Not to sell myself short or anything, but as long as I am willing to pay the premiums, an Fjcy California Senate Rejects Health Care Reform Bill
WASHINGTON AP 鈥?President Donald Trump said Friday that the U.S. was cocked and loaded to retaliate against Iran for downing an American drone, but canceled the missile strikes 10 minutes before they were to be executed after being told some 150 people could die.Trump tweeted Friday that the U.S. will never allow Iran to have a nuclear we
stanley cup apon. But he said he in no hurry to respond to the downing of the U.S. surveillance drone over the Strait of Hormuz. His statement was the latest indication that he does not want to escalate the clash with Tehran, but he didn ;t rule out a future U.S. strike. 8230;.On Monday they shot down an unmanned drone flying in International Waters. We were cocked loaded to retaliate last night on 3 different sights when I
adidas originals asked, how many will die. 150 people, sir, was the answer from a General. 10 minutes before the strike I stopped it, not 8230;.mdash; Donald J. Trump @realDonaldTrump June 21, 2019He said U.S. economic sanctions are crippling the Iranian economy an
air max 1 d more are being added.Iran claimed Friday it had issued several warnings before shooting down the drone over what it said was Iranian territory. Left: President Donald Trump attends an event to commemorate the 75th anniversary of D-Day, in Portsmouth, Britain, June 5, 2019. Photo by Chris Jackson/Pool via Reuters Re
