Question for: All Nations
Gambling in fun!
Time: Present
Question for: All Nations
Question:
Many of you may be aware of America's financial crisis, and some may have heard about the Credit Default Swaps that have put America in such a position. For those who were not aware, this link could help you. Simply in laymen terms, it's a form of legal gambling on the notion of a fake insurance policy. You put money on a company you think is going to fail. If it does fail, the insurance terms pay up.
Since trillions were pumped in, obviously some rigged it so certain companies (such as the entire real estate market, for example) would definitely fail. Though, the ironic thing is the house taking the bets never had enough money to pay back what it promised. Haha, oh you black markets.
Reeling back from the legal terms of a Credit Default Swap, let's pretend to do CDS's--- on nations! :D
Which other nation(s) would you bet money on to fail? Why them?
Time: Present
Question for: All Nations
Question:
Many of you may be aware of America's financial crisis, and some may have heard about the Credit Default Swaps that have put America in such a position. For those who were not aware, this link could help you. Simply in laymen terms, it's a form of legal gambling on the notion of a fake insurance policy. You put money on a company you think is going to fail. If it does fail, the insurance terms pay up.
Since trillions were pumped in, obviously some rigged it so certain companies (such as the entire real estate market, for example) would definitely fail. Though, the ironic thing is the house taking the bets never had enough money to pay back what it promised. Haha, oh you black markets.
Reeling back from the legal terms of a Credit Default Swap, let's pretend to do CDS's--- on nations! :D
Which other nation(s) would you bet money on to fail? Why them?