Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (106313)	1/10/2010 6:43:42 PM
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Mish, please state why it is "nonsense". Do you know something we don't? It seems (to many) that by using CDS, any company can be destroyed. ..."Deriding calls for regulation of the CDS business, he declared that “trying to make safer CDS is like trying to make safer asbestos. How many real businesses have to fail before policy makers decide to simply ban them?” We have posted examples of productive companies that were driven under by CDS users looking for profit at the expense of jobs. Please explain how that is "good" for the economy. Jim

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