Credit Default Swaps - 'Weapons of Mass Destruction'

In the world of corporate spin and greed, this might be the Grandaddy of all nefarious cons. If this is how the greedy rich get richer, perhaps its time for an entirely new system.

In related news:

1. Apparently Global Warming is being put on hold until the global economy is straightened out.
2. The next episode of 'The Universe' on the 'History Channel' apparently includes more fantasy by our 'leading' boffins about humans needing a second home on another planet. This I gotta see.... more later.
   

Good to see that the inmates are still running the asylum.