Monday, November 9, 2009

CDS Tool of the Devil and other views

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 (701 views)
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One thought on “CDS Tool of the Devil and other views

  • cynicalsoothsayer says:

    Poor analogy. Trying to make safer credit default swaps is like trying to make safer nuclear weapons.

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