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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (464713)3/18/2009 3:49:19 PM
From: i-node  Respond to of 1573888
 
>> CDS's, for the most part, weren't secure.

I don't know much about them but they're a risk-management tool and as such could be acquired for for any level of risk. Risk is a function of a number of factors, and the price of a CDS would be a function of the level of risk.

Just like you can purchase options at various strike prices or purchase insurance with various deductibles and limits of coverage, the terms of a CDS can be adjusted to provide that level of protection one wants to pay for.

Perhaps you have reason to say what you're saying? Have you seen statistics suggesting they "weren't secure"?



To: combjelly who wrote (464713)3/18/2009 7:48:25 PM
From: tejek  Read Replies (1) | Respond to of 1573888
 
"Some will be secure; others will be less so."

Well, that is the root of the problem. CDS's, for the most part, weren't secure.

Even when this toxic garbage is secured as it is with CDOs, it can still be pretty meaningless as the assets aren't worth squat in the present market.


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