Value Microcaps Free-For-All

[kipp440]

Credit Default Swaps

I have spent a lot of time reading and trying to understand the financial mess this country is in. Please read the attached article on the Credit Default Swaps. I bet 99% of the citizenry INCLUDING congress do not have the mental capacity to understand what is going on. I feel that we have let a few thousand elitists highjack our system and our future. Some of them are politicians, some of them are CEO/board members of financial institutions, some are regulators……..all are enriching themselves at our expense.



One thing that amazes me is the speed at which companies and “wealth” are being wiped out. It only takes a few days to vaporize companies that have been around for over a hundred years. The de-leveraging we are seeing is causing downward pressure on all stocks, regardless of traditional valuations. My big problem is that I can’t see the light at the end of the tunnel……. all I see are more train wrecks and carnage ahead.



“Credit Crisis Truth: The Real Story Behind the Collapse of AIG”

http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=6496



There is also a good presentation given in the second hour of the Financial Sense broadcast found at this link:

http://www.financialsense.com/fsn/main.html



Family and my job are what I am focused on most these days.



Good Luck!



Kipp