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.
