Tesa

Berkshire Hathaway: Proof That the CDS Market Is Irrational

They could have had a viable CDS market but it had to be hedged properly so they should have avoided fraudulent ratings but instead they chose profiteering which was about scamming.

CDS's are viable financial tool but they needed regulation to contain them and without meaningful rating system and boundaries, they became instruments of looting the public.


On Mar 07 11:49 AM China Expert wrote:

> The CDS market is one of the major culprits that threatens our financial
> system

Berkshire Hathaway: Proof That the CDS Market Is Irrational

Toro, you are way to logical herel. You too, avoid flying small planes.

What can you say to the insane are in charge of asylum to change their minds..