{"id":662,"date":"2008-10-10T18:31:00","date_gmt":"2008-10-10T22:31:00","guid":{"rendered":"http:\/\/www.trinidadandtobagonews.com\/blog\/?p=662"},"modified":"2008-10-10T18:32:52","modified_gmt":"2008-10-10T22:32:52","slug":"60-minutes-a-look-at-wallstreets-shadow-market","status":"publish","type":"post","link":"http:\/\/www.trinidadandtobagonews.com\/blog\/?p=662","title":{"rendered":"60 Minutes: A Look at Wallstreet&#8217;s Shadow Market"},"content":{"rendered":"<p><i>October 05, 2008<br \/>\nCBS News<\/i><\/p>\n<p><img src='http:\/\/www.trinidadandtobagonews.com\/blogimg\/wallst.jpg' width='150' height='100' border='0' class='alignleft' alt='Wall St.' \/><strong>Steve Kroft looks at some of the arcane Wall Street financial instruments that have magnified the economic crisis.<\/strong><\/p>\n<p>It began with a terrible bet that was magnified by reckless borrowing, complex securities, and a vast, unregulated shadow market worth nearly $60 trillion that hid the risks until it was too late to do anything about them. <\/p>\n<p>And as correspondent Steve Kroft reports, it&#8217;s far from being over.<br \/>\n<!--more--><br \/>\n <b>Part I<\/b><\/p>\n<p><object width=\"425\" height=\"344\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/-wFFCtx7UhI&#038;hl=en&#038;fs=1\"><param name=\"allowFullScreen\" value=\"true\"><embed src=\"http:\/\/www.youtube.com\/v\/-wFFCtx7UhI&amp;hl=en&amp;fs=1\" type=\"application\/x-shockwave-flash\" allowfullscreen=\"true\" width=\"425\" height=\"344\"><\/embed><\/object><\/p>\n<p><b>Part II<\/b><\/p>\n<p><object width=\"425\" height=\"344\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/GT76vCHKzGM&#038;hl=en&#038;fs=1\"><param name=\"allowFullScreen\" value=\"true\"><embed src=\"http:\/\/www.youtube.com\/v\/GT76vCHKzGM&amp;hl=en&amp;fs=1\" type=\"application\/x-shockwave-flash\" allowfullscreen=\"true\" width=\"425\" height=\"344\"><\/embed><\/object><\/p>\n<p><a href=\"http:\/\/www.cbsnews.com\/stories\/2008\/10\/05\/60minutes\/main4502454.shtml\">A Look At Wall Street&#8217;s Shadow Market<\/a><br \/>\n60 Minutes: How Some Arcane Wall Street Financial Instruments Magnified Economic Crisis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 05, 2008 CBS News Steve Kroft looks at some of the arcane Wall Street financial instruments that have magnified the economic crisis. It began with a terrible bet that was magnified by reckless borrowing, complex securities, and a vast, unregulated shadow market worth nearly $60 trillion that hid the risks until it was too &hellip; <a href=\"http:\/\/www.trinidadandtobagonews.com\/blog\/?p=662\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">60 Minutes: A Look at Wallstreet&#8217;s Shadow Market<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[29,5],"tags":[],"class_list":["post-662","post","type-post","status-publish","format-standard","hentry","category-finance","category-international"],"_links":{"self":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=662"}],"version-history":[{"count":2,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/662\/revisions"}],"predecessor-version":[{"id":664,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/662\/revisions\/664"}],"wp:attachment":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}