Berkeley CSUA MOTD:Entry 51218
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2026/05/20 [General] UID:1000 Activity:popular
5/20    

2008/9/18-19 [Transportation/Car] UID:51218 Activity:low
9/18    Credit default swap is a 70 TRILLION dollar business?   really?
        holy crap.
        \_ well, after they're offset, maybe it's a trillion ... or more
           \_ hi.   what do you mean offset?
              \_ A bought insurance from I1 on C going to 0 from 100.
              \_ A bought insurance from I1 on C going to 0.
                 B bought insurance from I2 on C doubling in price.
                 As long as I1 and I2 can always pay off the insurance, then
                 the net swaps are 0.
2026/05/20 [General] UID:1000 Activity:popular
5/20    

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