As the problems in the banking sector unfolded in late 2008, the sovereign debt of the big three developed nations began to skyrocket before reaching a crescendo in early 2009.  What’s alarming with the situation in Greece is the similarities in CDS price action. 

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Security is rarely static. Technology changes both security systems and attackers. But there’s something else that changes security's cost/benefit trade-off: how the underlying systems being secured are used. Far too often we build security for one purpose, only to find it being used for another purpose -- one it wasn't suited for in the first place. And then the security system has to play catch-up.

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In China, various tiny firms are fighting back, and refusing to pay Wall Street croupiers after taking bets that didn't go right.

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