Opinion

Felix Salmon

Counterparties

By Felix Salmon
June 22, 2011

Google’s websites had more than a billion unique visitors in May — WSJ

The FBI knocked Curbed, Pinboard & Instapaper offline as collateral damage to a server seizure — NYT

A Visual Representation Of The Law School Bubble — ATL

Existing home sales fall to 6-month low in May, with prices down 4.6% yoy — Reuters

Adventures with debt ceilings, CDS edition — Reuters

Comments
One comment so far | RSS Comments RSS

You could alternatively use the CDS price as the congress stupidity index, since the US can only default on its debt if it chooses to do so.

What specific event would trigger the payment on the agreement? Are all CDS written with the same language, or could there be some dastardly contract writers out there that are trying to win based on a technicality?

Posted by djiddish98 | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •