They are worth zero. Zero.

Please don't miss today's Debt Rattle, March 27 2008Ilargi: Our friend Karl Denninger at denninger.net is on a roll these days, he's sharp as a tack, writing really good articles. I may not share Karl's political views, but I very much think his financial insights deserve to be read by everyone. And if I can help getting him a wider audience, I will. Here's Karl:AA^2? Mayyyybe! Oh, And CDS