SI
SI
discoversearch

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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (171965)12/17/2008 11:50:23 AM
From: neolibRead Replies (1) | Respond to of 306849
 
The claim I've seen is that the ratio of mortgages to derivative notional value linked to them is 1:4, or was before the unwinding began. Not sure what the current ratio is.

It is criminal if any taxpayer money bails out 1 dime of CDS where the party buying protection does not own the underlying asset IMO. Taxpayers should not be on the hook for casino bets placed with insolvent casinos.