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Anyone who holds naked CDS on European sovereign debt deserves to go broke, I don't care if they're Deutsche Bank. Though probably Axel Weber does.


Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Sat Nov 27th, 2010 at 01:46:01 PM EST
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Anyone who holds naked CDS on European sovereign debt deserves to go broke.

FIFY.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Nov 27th, 2010 at 02:20:10 PM EST
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