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barnaby33.
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September 14, 2008 at 8:23 PM #270449September 14, 2008 at 9:14 PM #270505
stansd
ParticipantI’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan
September 14, 2008 at 9:14 PM #270509ParticipantI’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan
September 14, 2008 at 9:14 PM #270270ParticipantI’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan
September 14, 2008 at 9:14 PM #270557ParticipantI’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan
September 14, 2008 at 9:14 PM #270583ParticipantI’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan
September 14, 2008 at 9:27 PM #270296TheBreeze
Participant[quote=stansd]I’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan[/quote]
What if you bought insurance from Lehman and laid it off to another firm? Now Lehman can’t cover your ass and you are on the hook to cover someone else’s ass. You might end up naked through no “fault” of your own.
September 14, 2008 at 9:27 PM #270530Participant[quote=stansd]I’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan[/quote]
What if you bought insurance from Lehman and laid it off to another firm? Now Lehman can’t cover your ass and you are on the hook to cover someone else’s ass. You might end up naked through no “fault” of your own.
September 14, 2008 at 9:27 PM #270534Participant[quote=stansd]I’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan[/quote]
What if you bought insurance from Lehman and laid it off to another firm? Now Lehman can’t cover your ass and you are on the hook to cover someone else’s ass. You might end up naked through no “fault” of your own.
September 14, 2008 at 9:27 PM #270582Participant[quote=stansd]I’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan[/quote]
What if you bought insurance from Lehman and laid it off to another firm? Now Lehman can’t cover your ass and you are on the hook to cover someone else’s ass. You might end up naked through no “fault” of your own.
September 14, 2008 at 9:27 PM #270608Participant[quote=stansd]I’m no CDS expert, but I suspect any IB worth its salt wasn’t taking hug positions in CDS’s, but offsetting them with other instruments or offsetting positions, so, the unwinding will be painful, but it isn’t global financial collapse the 2-4 session today failing notwithstanding.
Stan[/quote]
What if you bought insurance from Lehman and laid it off to another firm? Now Lehman can’t cover your ass and you are on the hook to cover someone else’s ass. You might end up naked through no “fault” of your own.
September 15, 2008 at 6:18 AM #270635Anonymous
GuestCredit Default Swaps are the offsetting position.
They are “insurance” against a default in a loan – be it a MBS, CDO or debt.
September 15, 2008 at 6:18 AM #270714GuestCredit Default Swaps are the offsetting position.
They are “insurance” against a default in a loan – be it a MBS, CDO or debt.
September 15, 2008 at 6:18 AM #270687GuestCredit Default Swaps are the offsetting position.
They are “insurance” against a default in a loan – be it a MBS, CDO or debt.
September 15, 2008 at 6:18 AM #270639GuestCredit Default Swaps are the offsetting position.
They are “insurance” against a default in a loan – be it a MBS, CDO or debt.
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