Discussion in 'Trading' started by Aaron Copland, Oct 8, 2008.
Can Paulson & Bernake. They have ZERO credibility. Yes its that simple.
New Leadership won't disappear the trillions in derivatives that are due.
They need to net everything, suspend or destroy the rest.
I wonder what would happen if they just declared "all CDS's null and void"...
All obligations, cancelled. ??
as USA is the country who can not live without money from others, 1/2 day and USA would be gone
We've seen every other type of chicanery and largess, so far.
So i dont see why not.
I don't know how much the bailout and Fed actions are even legal, so much is happening. Not that a court would dispute in these conditions.
But yea, its the best chance they've got to avert what could be a real honest-to-God meltdown.
I'm not sure why they haven't done so already
There's contractual consideration - funds and insurance buyers - who sue for breach.
Hey I want my debts cancelled.
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