Here is what I read:
Nov. 25 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which helped turn bets on company defaults into a $47 trillion market, are among banks offering wagers on the amount investors may recover from bonds after borrowers go bankrupt.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_L5pzskD4rU&refer=home (I have a feeling this link [...]

In what seemed like a surrealistic rerun of the lobotomy scene in Planet of the Apes, the current and last two US Secretaries of the Treasury were interviewed on NPR this morning. What they said was not important. What they DIDN’T say was …
Of particular note was the absolute avoidance of any discussion of derivatives–apparently [...]

So far, it is pretty obvious that American taxpayers will pay back the first 2 trillion in debt stemming from Phase I of the FED’s 200 cents on the dollar purchase plan to reward the new Wall Street-connected World Banking Oligarchy for it’s shameless “wealth without basis” Las Vegas style derivatives escapade.
Now, even Bloomberg cynically [...]

The idea that the next American President is going to “spread the wealth” or even can spread the wealth seems to be taken out of context in the wake of the current economic crisis.
The American people must by now be at least beginning to understand that the wealth has already been spread by our present [...]