The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: SGJ who wrote (102050)	3/10/2009 1:34:27 PM
From: carranza2	5 Recommendations Read Replies (2) of 110194

A very conservative notion is that there are CDSs worth about $25 trillion in notional value. Let's be really, really conservative and assume only 10% default. What's 10% of $25 trillion? You're a banker, I think. What do you think $2.5 trillion in new losses might do to the financial system? Heck, let's get even more conservative and assume only 5% default. That's a mere $1.25 trillion. What do you think $1.25 trillion in new losses might do to the financial system? Are you really a banker or a loan officer at Podunk State Bank in Brazoria?

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