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  • jonathan56602 jonathan56602 May 10, 2012 8:05 PM Flag

    Derivatives Bets Gone Wrong Just Like 2008

    I know MBS's are not the issue here. I was talking about aggregate derivatives exposure. To the issue, though: do you really think the EU is dumb enough to let the CDS's on sovereign bonds get triggered? if the EU is that stupid, then you might be right about future turmoil. i don't believe it will be allowed to happen. they will monetize the debt before they let chaos occur.

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