SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (466499)3/26/2009 9:10:00 AM
From: Alighieri  Read Replies (1) of 1577703
 
If you just make null and void the highly leveraged CDSs (insurance) then you eliminate the huge liabilities that companies like AIG have accrued.

But then the banks have to absorb the losses from the defaulting assets...how does that help the situation?

Al
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext