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Thread: Credit Default Swap Domino???

  1. 10-10-2008, 12:42 PM #26
    Brock Landers's Avatar
    Brock Landers
    Brock Landers is offline Youre not the boss of me
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    Quote Originally Posted by Purveyor of Slack View Post
    Nouriel Roubini, Sajit Das, Doug Noland, Bill Fleckenstien may have a different take.

    They have been correct on their calls up to this point.


    It's more than just Lehman, it's distrust amongst ALL counterparties.

    The giants are dropping like flies on a GLOBAL level.



    I have a feeling we will be hearing the term SDR floated very soon.
    I was just quoting the WSJ pertaining to LEH's CDS

    The overall counterparty crisis is the cause of the whole mess- who is the next to drop though- is MS ok?
    Decisions Decisions
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  2. 10-10-2008, 01:03 PM #27
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    timvwcom
    timvwcom is offline Future ski-bum lifty
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    Tourette/Purveyor is to the CDS trainwreck, what Benny Profane is the the Real Estate Crash thread...

    A TGR Prophet!
    If some of the best times of my life were skiing the UP in -40 wind chill with nothing but jeans, cotton long johns and a wine flask to keep warm while sleeping in the back of my dad's van... does that make me old school?

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  3. 10-10-2008, 02:00 PM #28
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    Quote Originally Posted by Purveyor of Slack View Post

    I have a feeling we will be hearing the term SDR floated very soon.
    "Thus SDRs, or "paper gold", are credits that nations with balance of trade surpluses can 'draw' upon nations with balance of trade deficits."
    http://en.wikipedia.org/wiki/Special_Drawing_Rights

    That sorta what you're hinting at? Wayyy over my head...
    Something about the wrinkle in your forehead tells me there's a fit about to get thrown
    And I never hear a single word you say when you tell me not to have my fun
    It's the same old shit that I ain't gonna take off anyone.
    and I never had a shortage of people tryin' to warn me about the dangers I pose to myself.

    Patterson Hood of the DBT's
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