cnbc anchor freaked out by fabers comments , page-16

two things maybe someone can comment which sound a bit naive when I read it again:

one I can understand - Governments are going to get together to ban CDS trading - we can't have speculation about which country is going down the plughole first (and posting it on HC where the thumb police is all we have!) and we can't have traders making money out of this sort of "sovereign insurance" doing to countries what they can and have done to companies

http://www.businessinsider.com/rumor-of-sovereign-cds-ban-picking-up-steam-lifting-market-2010-2

and what I can't understand is that if sovereign debt is now a universal and inherent part of the most of the worlds key economies why can't they get together to sort a debt moratorium (as in Steve Keene's only solution) and then work something out. If key finance ministers can get together and party on in Sydney surely this idea is not totally absurd (and worth thinking about managing in terms of investment risk).

then again as someone posted these idiots running the show seem to share just a few neurons between them all