Wed, Aug 27, 2014, 11:33 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

ProShares Ultra Financials Message Board

  • lzymoney01 lzymoney01 Oct 9, 2008 2:22 AM Flag

    CDS Credit swap Defaults- The problem

    its like you have a neighbor with a kid that plays with matches, and your able to buy insurance on his house, you tell your poker buddies about it, and they also buy insurance on the house, when the house burns down now the insurance company pays out 4 million instead of 400,000,

    Credit Swap Defaults are up to 62 Trillion,
    I think its based on 6-10 Trillion, but because there is no regulation if something
    fails, like a pool of subrime mortgages, then AIG or Bear Stearns, or Lehman has a contract to cover all the people that bought the CDS on that pool of mortgages,


    Can anyone ad insight?

    How big is this problem going to be?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
132.09-0.40(-0.30%)Aug 27 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TubeMogul, Inc.
NasdaqGSWed, Aug 27, 2014 4:00 PM EDT
Williams-Sonoma Inc.
NYSEWed, Aug 27, 2014 4:01 PM EDT