New Leadership Is The Only Cure

New Leadership won't disappear the trillions in derivatives that are due.

They need to net everything, suspend or destroy the rest.
 
I wonder what would happen if they just declared "all CDS's null and void"...

All obligations, cancelled. ??
 
We've seen every other type of chicanery and largess, so far.

So i dont see why not.

I don't know how much the bailout and Fed actions are even legal, so much is happening. Not that a court would dispute in these conditions.

But yea, its the best chance they've got to avert what could be a real honest-to-God meltdown.

I'm not sure why they haven't done so already

There's contractual consideration - funds and insurance buyers - who sue for breach.

Dunno, Man.
 
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