Here is some information on the unregulated, unaccountable, little known 605 trillion(you read correctly) Swaps market. We all have Gordon T. Long to thank for doing so much investigative work on the swaps markets(and accounting arbitrage corruption but that’s for another post) and their dubious involvement in the Global Financial Crisis, Mortgage mess and Euro Bond crisis. Swaps are difficult to explain and in many cases infinitely complex.
Gordon detailing Swaps corruption:
If anyone else finds some great links explaining Swaps please feel free to post them in the comments section! I’ll try to add more links in the future, as an educational resource.