Tuesday, November 4, 2008
Over 1 Trillion Dollars Worth of Credit Default Swaps Against Governments
The Depository Trust and Clearing Corporation made some information public today about Credit Default Swaps.
There are between $33 trillion and $47 trillion or so in CDS still outstanding, even after the Lehman CDS were settled (PNB Paribas estimates that as much as 40% of the CDS market - including much of the market for CDS on collateralized debt obligations - is "off-the-books" and unreported).
Approximately 1.5 trillion of that is CDS concerning "Sovereign / State Bodies", in other words, countries. Some of the countries against which CDS bets are being made, and the amounts of CDS bets, include:
| Reference Entity | Gross Notional Value |
| | $54,898,977,416 |
| | 50,229,525,972 |
| | 4,667,167,370 |
| | 37,704,802,794 |
| FEDERATIVE | 147,282,298,727 |
| | 21,294,685,660 |
| | 34,412,341,491 |
| PEOPLE'S REPUBLIC OF | 18,734,303,665 |
| | 12,370,019,800 |
| | 4,158,419,764 |
| | 2,152,552,000 |
| | 61,362,202,916 |
| | 5,238,151,800 |
| | 16,449,099,545 |
| KINGDOM OF THE | 4,473,401,700 |
| | 15,107,279,147 |
| | 15,755,279,062 |
| | 2,876,548,199 |
| | 30,514,869,250 |
| | 4,119,321,657 |
| | 5,800,607,000 |
| | 2,177,002,324 |
| | 3,696,135,200 |
| | 32,763,644,099 |
| | 8,808,204,575 |
| | 30,459,955,229 |
| | 148,617,213,985 |
| | 23,182,954,247 |
| | 49,254,188,100 |
| | 6,281,734,552 |
| | 3,216,066,342 |
| | 6,554,952,966 |
| | 19,660,717,899 |
| | 16,450,839,456 |
| | 24,272,147,229 |
| | 31,489,780,165 |
| REPUBLIC OF THE | 66,218,347,379 |
| | 188,628,684,750 |
| | 110,068,180,097 |
| | 5,346,498,565 |
| | 5,967,756,774 |
| UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | 12,130,975,680 |
| UNITED MEXICAN STATES | 74,941,756,398 |
| | 4,759,492,270 |
2 comments:
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Read and learn the truth of what's afoot with this on-purpose financial dismantlement of the U.S.
Planned Destruction of America
http://planneddestructionofamerica.blogspot.com/
Corporate America: What Went Wrong?
http://corporateamericawhatwentwrong.blogspot.com/
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Is there anything that these Wall St gangsters haven't bet the farm on without having told the owners ?
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