http://www.zerohedge.com/
Here is an exerpt from the article:
"As horrific as the gulf environmental catastrophe is, an even more intractable and cataclysmic disaster may be looming. The yet unknowable costs associated with clean-up, litigation and compensation damages due to arguably the world’s worst environmental tragedy, may be in the process of triggering a credit event by British Petroleum (BP) that will be equally devastating to global over-the-counter (OTC) derivatives. The potential contagion may eventually show that Lehman Bros. and Bear Stearns were simply early warning signals of the devastation lurking and continuing to grow unchecked in the $615T OTC Derivatives market..."
Subscribe to:
Post Comments (Atom)
-
As many of my readers point out in their comments, Hurricane Florence endangers aging nuclear power plants in the Carolinas. Below find ...
-
The weekend edition of the Wall Street Journal reports that PG&E suffered a massive loss of control of the utility's databases, le...
-
In 2007, Rick Weiss reported for the Washington Post potential hazards of genetic medicine and the failed regulatory apparatuses designed t...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.