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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: carranza2 who wrote (87583)2/28/2012 7:38:01 PM
From: Brian Sullivan  Read Replies (4) of 219225
 
Who in their right mind will every pay a dime for another sovereign CDS if they get nada from this Greek deal.
Its like buying insurance that will never pay out.

You saw the list of "voting members" of the ISDA

Voting Dealers
Bank of America / Merrill Lynch
Barclays
BNP Paribas
Credit Suisse
Deutsche Bank
Goldman Sachs
JPMorgan Chase Bank, N.A.
Morgan Stanley
Société Générale
UBS

It the same group of banks that are writing the CDS insurance.
I would sell all of the above names.
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