[lbo-talk] Private losses again socialized in Greek default

[Tony Rolfe]

Yes, true, but it's working.  And what's troubling is it's exactly the
same trade that was pulled during the mortgage meltdown, (I hear it's
being tried against US student debt now too).

Ah, CDS: it sure sounds like the predatory lenders' dream come true.

On 3/10/12, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Mar 10, 2012, at 4:26 PM, Tony Rolfe wrote:
>
>> I just got a finance newsletter saying it's time to go to work on
>> Portugal.  Then Italy, then France.  For hedge funds with the money to
>> do these deals, it's beginning to look like a frothy decade ahead.
>
> That sorta shit works until it stops working.
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