• talbano
    what is the point w/ the greece bond thing if the CDSs are still going to be triggered? What impact will this ultimately have?
    3/8/12
    Reply (7)
    • jdub2788: if ALL of them trigger, big problems
      3/8/12
    • Hillbilly Stock Star: They should have listened to Turbo!
      3/8/12
    • jdub2788: why any of these investors would not take their insurance over the haircut is beyond me.
      3/8/12
    • humahuaca: jason I think there is 1 risk to not taking the deal. I'm not sure but if they somehow manage to get 90% participation and do NOT have to
      3/8/12
    • humahuaca: impose CACs, I think the 10% holdouts might get zip, zero, nada. They could fight in court for 20 years, but no idea if they would win.
      3/8/12
    • humahuaca: So if it looks like getting close to 90% they might have to join the swap at the last minute to be safe and at least break even
      3/8/12
    • talbano: Thanks- I only get Bloomberg in our main house, I trade in our poolhouse so I am not bothered.
      3/8/12