Tuesday, November 11, 2008

CBS Videos on derivatives, etc

Dear Mr. Tan,

Here are some links to CBS videos (10-15 mins) on derivatives, CDS, etc. They are eye openers to lay people. These derivatives are more like scams to defraud the investing public. We need to persist to get the authorities to get to the bottom of the matter. Hope you can help in this matter.

Video 1: Derivatives (July 1995)

Video 2: Credit Default Swaps (Oct. 26, 2008)

Video 3: Wall Street Shadow Markets (Oct. 5, 2008)

Report 1: The Bet That Blew Up Wall Street http://www.cbsnews.com/stories/2008/10/26/60minutes/main4546199.shtml

Report 2: A Look At Wall Street's Shadow Market

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