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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: redfrecknj who wrote (46725)12/6/2005 11:41:06 AM
From: Paul Kern   of 110194
 
"The probability of a major dealer defaulting is extremely low, but as the market continues to grow, the issue is being ramped up all the time,' Linnell said.

Yeah, but they take a piece of the prem and sell, or more correctly, re-assign, these contracts to hedgies who may not be so well capitalized who, in in turn, may re-re-assign them to others further down the food chain.
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