The Implosion of Credit Derivatives

Mullen: If the debt crisis implodes and then these large banks which have not disclosed their real risk, there's no central coordinating force that knows the total exposure of these risks. In three to five years they're going to be drained on the budget like we have never seen. We could also see a rise in interest rates. At some point the Federal Reserve can't keep interest rates at near zero levels forever regardless of what they say. So for the average guy though, who sees the Dow at whatever level it is at this exact moment, pretty close to all-time highs, why should he care?

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