Replies to post #174321 on Naz News, Gappers and FLE''s

[Jang-A-Lang]

Does anyone have a contrasting point of view?

After the auction the ISDA said it was successful and there were no failures. All insurers had put up collateral to cover their liabilities. In fact the ISDA said after taking into account the offsetting positions only about $8 billion in actual payments would change hands. Insurers had been very active in offsetting and hedging their positions.

8 cents on the dollar doesn't sound good to me, but I don't understand it all....