04/29/2010 05:12 am ET Updated May 25, 2011

Credit Default Swaps Are Dangerous, US Taxpayers Are Still On The Hook

Derivatives are responsible for much of the interconnectedness between banks and other institutions that made the financial collapse accelerate in the way that it did, costing taxpayers hundreds of billions in bailouts. Yet credit default swaps have been largely untouched by financial reform efforts.

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