Relevant:
- Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps
- Should CDS be regulated like insurance?
- Greek Crisis Raises New Fears Over Credit-Default Swaps
- Unintended Consequences of New Reporting on Credit Default Swaps?
- CBOE to let investors bet on Wall Street defaults
2011-10-27 — blogspot.com
``As a result of labeling 50% haircuts "voluntary", Credit Default Swap contracts have proven to be useless when it comes to protecting against sovereign default. The serious implication is investors will need to find another way to hedge.'' -- Ahh unintended consequences...
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