Quote:
Originally Posted by Wizzo
Damn near every hedge fund and institutional investor out there... Credit Default Swaps in my mind is the greatest racket ever.  |
I just don't understand why we're on the hook to pay these compaines a bunch of money that they never had it the first place.
They paid some insurance premiums in the form of CDS and now the tax payers are paying out insurance face value.
Makes no sense can't believe they are actually pulling this one over on us.
