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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (29737)	10/3/2008 5:21:26 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Yes, 'realistically orders of magnitude larger.' Regardless of whether most trades in CDS are hedges, 'covering' trades or not... the FACE VALUE, the 'notional value' of the instruments traded as been reliably (I believe) pegged at between $42 Trillion and $74 Trillion. Truly (since there is no competent regulatory authority nor assigned Exchange for trading) no one knows the absolute value... yet I believe that it certainly qualifies for the description of 'orders of magnitude bigger then the American sub-prime real estate market securitizations', as the Credit Default Swap market is GLOBAL, and can be applied to EVERY market sector, not just real estate.