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Strategies & Market Trends : Ride the Tiger with CD

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From: robnhood	12/3/2008 8:39:19 PM
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<<Credit default swap spreads spiralled wider worldwide on Wednesday as low volumes and bearish sentiment drove the cost of both sovereign and corporate default protection to unprecedented highs.>> georgewashington2.blogspot.com IMHO, these CDS"s are one of the major causes of the problems that we now are living through. But, I see that they are still trading and being created. IMHO, it is ridiculous to buy protection on an English, or an USA treasury. If Britain or the USA defaults, than does anyone really think that some two bit operation will be able to honour the protection that they sold? Same as 87, but then they called it Portfolio insurance. And this is God knows many times bigger than 87.

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