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 60 Minutes - Financial Weapons of Mass Destruction (October 26, 2008) DVD

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 : 60 Minutes - Financial Weapons of Mass Destruction (October 26, 2008)

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Binding: DVD
EAN: 0883629576930
Format: NTSC
Label: CBS
Manufacturer: CBS
Publisher: CBS
Release Date: November 11, 2008
Sales Rank: 29261
Studio: CBS




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Description:


Airdate: 10/26/08 Steve Kroft digs deeper into the unregulated financial instruments called "credit default swaps" that have had such a huge role in the country's economic downturn. These swaps started out as a way for bondholders to insure against loan defaults, but became a floating game of craps in which it wasn't necessary to own the bonds in order to buy the swaps on them. In other words: it was all a huge a gamble.



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DVD : 60 Minutes - Financial Weapons of Mass Destruction (October 26, 2008)

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