Next up - the credit default swap crisis

Next up - the credit
default swap crisis
As the markets indicate receding concerns over the US subprime mortgage crisis and its follow-on effects, which have impacted global finance for the past year and more, another crisis is ready to emerge, this time in the US$62 trillion market for credit default swaps. - F William Engdahl

http://www.atimes.com/atimes/Global_Economy/JF12Dj03.html