The Coming Crash (no later than 1H2012)?

[Behappyalways]

It could, at least, unless the casino is rigged. Whether a “credit event” is a “default” triggering a payout is determined by the International Swaps and Derivatives Association (ISDA), and it seems that the ISDA is owned by the world’s largest banks and hedge funds. That means the house determines whether the house has to pay.
How Greece Could Take Down Wall Street
http://www.commondreams.org/view/2012/02/20


'Restructuring Greece Within the Euro is Illusory'
http://www.spiegel.de/international/euro...10,00.html


Iceland Upgrade Sure Makes Default Look Palatable
http://www.economonitor.com/blog/2012/02...palatable/