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  • Demonic Short Sellers [View article]
    CDS is a form of insurance and should be regulated as such: 1) there should be a requirement of insurable interest for the reasons mentioned by Research123...2) those who sell CDS protection should be required to meet minimum capital requirements, like any other insurance company.

    The CDS industry defends itself on the grounds that what they do is a zero sum game. In reality, it draws in funds from legitimate investors, who are impoverished by the effects of manipulative CDS trading. To buy CDS which is not supported by an insurable interest is equivalent to naked short-selling of the bonds involved.

    Legitimate investors eventually became cowed by the power of short-selling when augmented by CDS manipulation and developed the habit of running for cover as soon as the attack started.
    Nov 25 19:31 pm |Rating: +1 0
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