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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (75146)	6/12/2011 9:08:10 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 218176

I'm not sure that US banks weren't "motivated" by the Fed/Treasury to write those CDS for Euro debt. It doesn't make a lot of sense that they were accept such exposure unless the premiums they received were extremely high, or they had the implicit understanding that the Fed would back them. I'm still under the opinion that part of the reason the USD was trashed is because we didn't want the Euro to break the 1.19 level. Such an event would guarantee a breakup of of the EU and we don't want that. Hawk