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KFC44

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KFC44

Re: None

Thursday, 07/07/2011 12:37:41 PM

Thursday, July 07, 2011 12:37:41 PM

Post# of 24889
Credit Default Swaps Casino


Look like it's going to come to a head real soon -- with Tricet offically saying no to Moody's and other rating agencies concerning Greece and Portugal Bonds.

You wonder if these swaps will ever be traded in the same way ever again.

You are now getting an anti1-American spin on the CDS products / rating agencies -- which may very well help in any class-action negotiations down the road.

Merger Agreement Document? (2007 and disclosure and accounting firms related directly to CDS and naked shorts). And proof that the BOD and senior management and PremW / Steelhead were aware of their use for forcing default.

Pretty easy to BK anyone these days.
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