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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 495.90+0.3%Jan 29 4:00 PM EST

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To: elmatador who wrote (90395)5/18/2012 7:26:44 AM
From: Haim R. Branisteanu  Read Replies (1) of 219904
 
Who is interested in the demise of the EUR?

JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc., two of the top CDS underwriters in the U.S., say they have bought more protection than they sold, indicating they may benefit from defaults in the region. That outcome is called into question by JPMorgan’s $2 billion loss on similar derivatives, which shows that risks don’t vanish when offsetting bets are taken, said Craig Pirrong, a finance professor at the University of Houston.

bloomberg.com
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