isda
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ISDA considering new CDS rules for bail-ins
http://www.ifre.com/new-cds-trigger-event-proposed-to-tackle-bail-in/21085486.article I don't believe that whatever rule they adopt is ever going to unleash the CDS bomb. -
Greek CDS market fallout?
You may recall how the MF Global scandal lead Ann Barnhart to abandon her business. Looks like the ISDA's handling of the Greek CDS market is having a similar effect: -
ISDA says Credit Event
Looks like the banksters are going to pay out on Greek CDS. This is going to get very interesting from here. Smart money would have Spain and Portugal buying CDS on their own debt, then defaulting. That would be a nice net zero and the bankers would finally get the fucking theyy have been giving... -
Jim Sinclair: The Impending Undeclared Default Of 5 Major US Banks
More: http://silverdoctors.blogspot.com/2012/01/isda-is-behind-attempt-to-appeal.html ISDA set up us the (CDS/derivative) bomb. :flail: :noevil: -
Credit Default Swaps Useless as Hedge Against Default
More: http://globaleconomicanalysis.blogspot.com/2011/10/credit-default-swaps-useless-as-hedge.html Hmmm... I wonder what might be a viable alternative... :gold: