If you don't like the contracts, lets just tear them up. No moral hazard here.
www.bloomberg.com/apps/news?pid=20601087&sid=axx.pvaeZ4mA"
The CDS Market should be outlawed and wound down. How in the world can there be so many offsetting contracts out there? Truly numbing.
These are the contracts that ruined many companies, and yet we want the Fed to be active in this market?
tradersutra.blogspot.com/2009/08/irresponsible-suggestions-need-not.html"
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