Comments on: Credit default swaps are harmless to all but those who sell them. http://sovereignspeculator.com/2010/03/10/credit-default-swaps-are-harmless-to-all-but-those-who-sell-them/ Thoughts on the markets and the decline of the west Mon, 20 Dec 2010 21:14:00 +0000 http://wordpress.org/?v=2.6 By: chad http://sovereignspeculator.com/2010/03/10/credit-default-swaps-are-harmless-to-all-but-those-who-sell-them/#comment-8763 chad Tue, 16 Mar 2010 01:52:58 +0000 http://sovereignspeculator.com/?p=4226#comment-8763 Been looking for a different take on the CDS game. Everybody hates these things..... i think they need to be put on an exchange and cleared..... Everyone ALWAYS bashes the CDS buyer. I don't remember the rush to purchase them on Neg AM RMBS derivatives.......Furthermore, as Michael Lewis pointed out in the end way back in Nov. of 08......It was the writers of CDS that were going nuts. Creating "synthetic" mortgages from them. Been looking for a different take on the CDS game. Everybody hates these things….. i think they need to be put on an exchange and cleared…..

Everyone ALWAYS bashes the CDS buyer. I don’t remember the rush to purchase them on Neg AM RMBS derivatives…….Furthermore, as Michael Lewis pointed out in the end way back in Nov. of 08……It was the writers of CDS that were going nuts. Creating “synthetic” mortgages from them.

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