Moody’s raising its expectations (again) that corporate default rates will rise, i.e. higher corporate defaults and even further pressures on CDSs and synthetic CDOs - FT Alphaville
Why, oh, why, oh, why-o, doesn't someone - anyone - get out, stand-up, and force an unwind of the synthetic CDOs? Is it really impossible? Can it not be done, for some reason?
Otherwise, how can we just sit around and ... and wait? For a sword to fall.
Seriously. Can you think of anything more ... intentionally self-destructive?
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