Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Fleming who wrote (74878)	2/18/2008 10:36:29 AM
From: Chispas	Respond to of 116555

"Chispas re Gretchen Morgenson - '..one of the challenges facing participants in the credit default swap market is that the market value amount of the contracts outstanding far exceeds the $5.7 trillion of the corporate bonds whose defaults the swaps were created to protect against...' "Shouldn't that be face value since there isn't any reliable market value for the derivatives?" ......................................................................... Jim, if you're saying face value is the same as contract value, yes. Chispas