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

To: Road Walker who wrote (466499)	3/26/2009 9:10:00 AM
From: Alighieri	Read Replies (1) \| Respond to of 1576806

If you just make null and void the highly leveraged CDSs (insurance) then you eliminate the huge liabilities that companies like AIG have accrued. But then the banks have to absorb the losses from the defaulting assets...how does that help the situation? Al

To: Road Walker who wrote (466499)	3/26/2009 9:40:45 AM
From: bentway	1 Recommendation Read Replies (1) \| Respond to of 1576806

I think at the least they should declare that CDS's issued as pure bets won't be paid. That is, CDS's that can't be directly linked to a security owned by the holder of the CDS.