Been a while since I looked at this sort of stuff.....

but do you still have the problem of 50 grillion squids worth of cash flow being linked to just a 3 billion government issue, for example? So you'll have 25 different houses all bidding the underlying if the s*** hits the fan? In my day ( some years ago ) every house thought they would see the problem coming first and would offload the credit exposure before the others!!

Posted By: MrMorrers, Sep 11, 22:14:27