Can the Fed avoid the consequences of $45 Trillion in default derivative swaps?
Apr 09, 2008
Jim Sinclair is a financial analyst who is concerned about the derivatives market. Most people do not even know what derivatives are, but that market is a huge casualty of the current financial crunch. As these derivatives "unwind," there will be more dominos that fall in the financial world. The problem is far greater than a few hundred billion dollars can solve.