Reply #29: With CDS madness still unregulated, yes, I can see that.

[Ghost Dog]

They'll need to get the rating agencies in on the game too, though, won't they? (Edit: we've seen how easy that can be). After all, those CDS insurance policies, re. the AIG model, are supposed to almost never get called in...

So, yes, it could work for a while, punting the (even bigger) over-inflated ball a little further down the road. As long as those commie European calls for much tighter regulation can continue to be ignored... (:sarc:)