ST Alpha - "I'm guessing the banks offload all their counter party risk in CDS's to a bad bank. Potential liabilities of trillions foisted onto the public " (Reading a Post)

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In response to "first reaction: If the government pays at or slightly above market value, even with the inevitable capital hit..." by TFox

I'm guessing the banks offload all their counter party risk in CDS's to a bad bank. Potential liabilities of trillions foisted onto the public

Posted by Loyola Jan 29 '09, 14:41

balance sheet.

Responses:

I'm not an economyologist, but given the choices available, I don't hate it. And neither did the folks at the Economist, for that matter. -- nm - TFox Jan 29, 14:43 3
- I guess we can agree, whatever happens, the American taxpayer's future liabilities will increase. -- nm - Loyola Jan 29, 14:48 2
  - but we knew that anyway... :) -- nm - znufrii Jan 29, 14:48 1
    - *earmarks znufrii* -- nm - Loyola Jan 29, 14:49

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