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  • Vegaseller

    Seems very silly. I bet they hedged their downside by buying CDS from the same banks they are going long on.  The same banks will try to sell as many of their own sovereign CDS as possible because if their government bonds go under, so will they.  I am going to grab some popcorn.  

  • Vegaseller

    Seems very silly. I bet they hedged their downside by buying CDS from the same banks they are going long on.  The same banks will try to sell as many of their own sovereign CDS as possible because if their government bonds go under, so will they.  I am going to grab some popcorn.  

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