There is one problem here, if the gov want to take

away bad debt, it is takeing away the potentially losing side, not the wining side, the loss can be huge if the default rates rise.

所有跟帖： 

• 政府可能根本填不起这个洞. -冬里- ♀ (127 bytes) () 10/02/2008 postreply 19:51:19

• right, the worst gov buy all the foreclosure, CDS -729418- ♀ (14 bytes) () 10/02/2008 postreply 19:54:11

• 没人会BET ON FORECLOSURE, 大家只是BET那些金融机构会破产. -冬里- ♀ (437 bytes) () 10/02/2008 postreply 19:58:34

• I see. Hedge funds are buyer of the CDS, they -729418- ♀ (71 bytes) () 10/02/2008 postreply 20:05:54

• 主要是这样. 假如一个HEDGE FUND发行一个CDS给他的BROKER, -冬里- ♀ (438 bytes) () 10/02/2008 postreply 20:10:20

• ha, hedge funds are the orphans with no one to take -729418- ♀ (5 bytes) () 10/02/2008 postreply 20:14:42

• 是的。 -BayFamily- ♂ (43 bytes) () 10/02/2008 postreply 19:51:54

• LEHMAN的CDS还没SETTLE呢. 说赚还太早. -冬里- ♀ (0 bytes) () 10/02/2008 postreply 19:53:31