Insurance enough??

Some of the largest players in the U.S banking and finance industry are hoping to be able to save their money following the Euro crisis that is currently running amuck.  Fortunately, they will likely take advantage of their right to use credit swaps in order to salvage their potential losses.  One can think of these credit swaps as a form of insurance against just this kind of things occurring.http://dealbook.nytimes.com/2012/01/29/u-s-banks-tally-their-exposure-to-europes-debt-maelstrom/?ref=business