THIS IS A “CREDIT EVENT” (Guest Presentation)

3 Responses to THIS IS A “CREDIT EVENT” (Guest Presentation)

1. Barry Soetero | February 6, 2012 at 8:58 pm |

   Interesting, since last week there was an interview with Jim Sinclair speaking about this credit event in Greece. The topic was ISDA to define what constitutes a default. Is a 70% haircut to bond holders a sort-of default or does an instrument need to go to zero before it is a default?
   What would be the trigger or tipping point be before CDS kick in at the 5 top US Banks holding 95% of CDS. Don’t ya just love insurance policies with no assets backing them up!

2. steveosilver | February 6, 2012 at 9:10 pm |

   What Happens When Leonidas Gets His Persian Messenger
   http://www.youtube.com/watch?v=ZC7osA8Z9fs&feature=related
   Get back into the black hole of the Fed
   love and gratitude

3. Aridzonan_13 | February 6, 2012 at 9:39 pm |

   It will be interesting to see if this ISDA heralded crises leads to more MF Global style raids on private accounts. The rule of law no longer exists. MFG proved that contracts and account balances can be changed overnight to make it appear that fairies and gnomes “Madoff” with the money.