Banks have liquidity problems. Credit default swap derivatives exposure is estimated at $26 trillion.

Banks have liquidity problems. Credit default swap derivatives exposure is estimated at $26 trillion.

2/28/2008 Fannie Mae posts $3.56 billion loss
1/25/2008 Societe General posts $7.2 billion loss
2/27/2008 Bond Insurer MBIA default loss estimate $13.7 billion
2/25/2008 Bond insurer AMBAC looking to raise $3 billion in capital
2/18/2008 Northern Rock bank London nationalized to secure $107 billion
2/22/2008 Credit default swaps loss is $2 trillion