Monday, Nov 09, 2009
CDS Tool of the Devil and other views
FT Alphaville: David Einhorn vs the bloggers on credit default swaps
David Einhorn the boy-genius founder of Greenlight Capital thinks the instruments which have served him so profitably ought to be banned outright. As he put it: I think that trying to make safer credit default swaps is like trying to make safer asbestos. The FT story prompted some of the bigger guns in the econo-blogosphere to take a position on either side of the CDS divide.
Posted by mountain goat @ 04:26 PM (340 views) Add Comment
1 Comment
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1. cynicalsoothsayer said...
Poor analogy. Trying to make safer credit default swaps is like trying to make safer nuclear weapons.