The Real Crime in the Bailout

The size of our national economy this year is roughly $15 trillion.

The size of the Credit Default Swaps (CDS) market is $64 trillion. The whole world GDP is about $56 trillion. How could the CDS market be larger than the world GDP combined? That doesn't make any sense.

Check it out here:
http://www.dailykos.com/story/2009/3/27/713698/-The-Real-Crime-in-the-BailoutNaked-CDS-Deals