Insisting that we must tax and take and demonize those who have already achieved the American Dream. That may turn out to be a good re-election strategy for President Obama, but is a demoralizing message for America.
Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
At heart I cannot accept that I am a well-known rock 'n' roll star and one of the greatest drummers in the world.
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