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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: emrs1 who wrote (138415)12/4/2008 6:51:34 AM
From: robnhood  Respond to of 312903
 
<<
few of the purchasers of this protection are doing so expecting outright defaults over the contract life.>>

Yes.but isn't it these very same things that got us into the mess that we are in now? LEH , or FNM, or FRE, etc. , would never default.
Why is the US taxpayer being put on the hook for what you plainly see is a gamble being made by someone who realizes that he may not get paid?


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