Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
There shouldn't be any.  That's a private contract - I think but IANAL - between the bond holder and two or more parties.  The State should only perhaps, depending, guarantee the underlying bond.

The Neo-libs are always shouting the State should not interfere with private contracts so ... the State should not interfere and let the derivatives go south.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Feb 4th, 2011 at 01:30:27 PM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
JakeS 4

Display:

Top Diaries

The UK Left and Brexit

by car05 - Aug 27
9 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
25 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series