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  • CDS Industry: Zero Sum Game or Ponzi Scheme?  [View article]
    although the transaction fees and expenses may not be as high as 1% of the notional, i do agree with the author that it is not a zero sum game. traders and traders' firms are taking money out of this ponzi scheme just like Madoff's.

    this is a casino that dwarfs vegas.
    Dec 21 20:15 pm |Rating: 0 0 |Link to Comment
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