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You've heard of "credit default swaps". They are a type of derivative where one person places a bet that a certain company will go out of business, and another person on the other side of the contract places a bet that the company won't go out of business (see this and this).
Well, people are now starting to increase their use of credit default swaps to bet that the U.S. will default on its ability to pay on its treasury debt.
Member Submitted News
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From aspiring pop star to paralysed in just days: Shocking picture of 12-year-old left bed-ridden in hospital after being given controversial HPV vaccine - but doctors want to SECTION hermalterwitty
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