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No Return To Normal - the Galbraith article | 96 comments (96 topical, editorial, 0 hidden)
Re: Are there European banks that are insolvent? (none / 0)
JP Morgan has also sold fantastic amount of CDS. They invented them. And they're still peddling them.

Anyway, from the FDIC's site: Off-Balance Sheet Activities

Additionally, swaps, futures, forwards, and option contracts are derivative instruments whose notional values are carried off-balance sheet, but whose fair values are recorded on the balance sheet.


Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Sun Mar 22nd, 2009 at 06:24:53 PM EST
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No Return To Normal - the Galbraith article | 96 comments (96 topical, 0 editorial, 0 hidden)
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