Gordon T. Long Reviews Interest Rate Swap Deals That Have Become Problematic…..How About The $437 Trillion In Interest Rate Swaps Outstanding

Posted By on April 30, 2010

PRIMA FACIA – WHERE IS UNCLE SAM?

I have written extensively about the unregulated, non-exchange traded, offshore, off balance sheet (OTC) $605 Trillion derivatives market and specifically about the $437 Trillion Interest rate swap market. In Sultans of Swap: the Getaway I laid out some of the court actions taking place throughout Europe and the US at all levels of government. Below is a summary of those findings along with governments where the use of Interest rate Swaps is publicly documented.

 -Interest_Rate_Swaps--Legal_Proceedings-2

 This list includes only those Interest Rate Swap deals that have become problematic or which I have written about. The Service Employees Union (SEIU) has additionally documented an extensive list that was published by the Wall Street Journal: This study by the Service Employees International Union, was commissioned to demonstrate the broad based seriousness of the problem.

http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm

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