Comments on: Counterparties A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: djiddish98 Wed, 22 Jun 2011 11:36:31 +0000 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?