We’ve all heard about Credit Default Swaps, and how they’re the great bugaboo that could rear up and kill the entire world’s economy. Warren Buffett called them “financial weapons of mass destruction.” Since that’s pretty scary, we should all have a clever metaphor for explaining what they are.
Credit Default Swaps (CDS) are like [...]

Between the $85 billion AIG bailout and the $700 billion “Emergency Economic Stabilization Act of 2008”, every one of the 305 million US citizens is now in debt another $2,600.  Is it heresy to suggest these loans are good business?  That we will get paid back plus make a profit from this new debt? 
If you [...]