The ISDA has just announced that they have ruled that the recent Greek restructing deals do NOT constitute a default which will trigger payouts on the Credit Default Swaps.
More info on this later on.
===============================
More info on this later on.
===============================
Click 'comments' below to contribute to this post.
Please read disclaimer at bottom of blog.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
What?!?! Im shocked... SHOCKED... to hear this. This changes everything.
ReplyDeleteSo, if CDS are worthless for everything... then in two years time.... the big 5 will be loosing the rest of that revenue stream.
Surprise!
ReplyDeleteThere are no rules when you keep kicking the can forward apparently.
I was well informed. Big thanks for sharing.
ReplyDeleteCharles A