Front Page New York Times -- The Attention This Deserves

(c) 2010 F. Bruce Abel

Ok, so why does CNBC quote credit default swaps as though they are legitimate instruments? Why are they permitted...anywhere? How can any bailout work when they exist?

http://www.nytimes.com/2010/02/25/business/global/25swaps.html?ref=business

There are some topics so toxic that any writing about them pales.