Fed's rescue halted a derivatives Chernobyl...but for how long?

News Type: Event — Seeded on Mon Mar 24, 2008 5:39 AM EDT

Article Source: Telegraph

business, economy, wall-street, finance, bailout, recession, depression, federal-reserve, bank, banking, sub-prime, derivatives, the-fed, bear-sterns

Seeded by Bozzor

The bailout of Bear Sterns delayed a catastrophe...but it may not have prevented it. The complex web of derivatives that are managed and owned by many key players make any possible failures suicidal for the entire financial system. But stalling failures which are 'natural' may in the end make the eventual reckoning even more cataclysmic.

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Fed's rescue halted a derivatives Chernobyl...but for how long?

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