Economic Rape of Europe Nearly Complete, Part I

``What Wall Street's terrorists don't want to do is to drive [the European] economies into formal default. This would force these Euro states to simply repudiate $100's of billions (if not $trillions) in bond debt -- and "detonate" the entire credit default swap market. The ultimate irony (and betrayal) of the credit default swap scam is that this was never "insurance". Real insurance directly implies that the insurer is capable of indemnifying the insured. Obviously there is no "insurer" standing by to make the extremely leveraged pay-outs on this $60 trillion of supposed "insurance". This makes credit default swaps a prima facie "fraud".''