what about the 60 trillion cdo problem, page-5

  1. 1,201 Posts.
    lightbulb Created with Sketch. 12
    what do you mean by 'most of it is offset by counter trades"

    isnt someone gonna be eventually liable if 10% default lets say

    I can sell my insurance cover to someone else whose willing to take it, but at what price nowadays??? No ones gonna buy it. Or i can seek somone to cover me for the CDS i guarantee to somone else (re-insurance), but at what price nowadays??

    risk has skyrocketed man.
 
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