isda

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.

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:

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...

More: http://silverdoctors.blogspot.com/2012/01/isda-is-behind-attempt-to-appeal.html ISDA set up us the (CDS/derivative) bomb. :flail: :noevil:

More: http://globaleconomicanalysis.blogspot.com/2011/10/credit-default-swaps-useless-as-hedge.html Hmmm... I wonder what might be a viable alternative... :gold: