so that you could have -- for instance, up to cently, you have banks in europe carrying their greek bonds at 100 cents on the dollar, even though in the market they were quoted at 40. however, the cds had to be marked to the 40. so every day, that is reflected in real time. and third, what's important, the way the cds market works is you have the gross amount then and you have the net amount. and the way the net amounts are calculated is institution by institution. if anl institution has $100 million in cds but has brought back $80 million of cds, the net number is only 20 of expouz sure. there's bilateral netting. if a cds, one of the issues in greece or italy defaults, what happens is the institutions go to each other. that eliminates to a large extent the danger of cascading through the system. there is not, however, what would be very good multilateral netting. which means you would be able to net out the entire system across many institutions. then the net exposure would be your only concern. but bilateral does faffect the risk financially. >> the europeans have promised to take over

we attended the annual meeting of the chamber of commerce in the capital city rekrentd cently. u.s.ave called it a choice between u.s. interests and u.s. values. critics say the regime there is brutal and corrupt. >> and it's very upsetting to see where the country's going because it is a very rich country in terms of its oil and gas. but this wealth isn't going to the people. >> while the average worker makes a little more than $400 a month, the family of the president is worth millions. that is his eldest daughter, 25 years old. we'll ask her about her money tonight on the premier of "filthy rich." you can see she lives a little differently. >> she looks like it. can i ask what are the critics suggest we do when it comes to this kind of issue and these kinds of countries? >> it's a difficult dilemma. >> yeah. >> that this all points out, because the critics say, look, if we disengage from these countries, others will engage. so we can be a force for good, a force for transparency, but it needs to be transparent. they need to know where this oil is coming from, where it's going, wh