For a thousand Tinfoil hat filled years ok...2 years the concern is the Trillions in CDS and what the actually Trade would be...
the rumor was 250-400 Billion... on Lehman.. The pay out was 6 billion.
That is a 50 to 1 ratio on the SWAPS Vs the Payout on them.
44 trillion in the CDS market translates into less that 1 Trillion in payouts Amusing Economic Collapse..... Seems like this isn't Armageddon...
Qualifier.... This is all Using my 10 minute Gorilla Math.. That is the quant version of the purple Crayon.
Sunday, October 12, 2008
CDS Swaps
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