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Massive Credit Default Swap (CDS) Payments Come Due

 
Disinterested Observer
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User ID: 486149
United States
10/05/2008 04:13 PM
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Massive Credit Default Swap (CDS) Payments Come Due
Trouble Ahead:
Massive Credit Default Swap Payments Come Due
Historic auctions next week will result in billions of dollars in liabilities


Last update: 1:39 p.m. EDT Oct. 5, 2008
WASHINGTON, Oct 05, 2008 /PRNewswire via COMTEX/ --


WHAT: Holders of credit default swaps -- the financial vehicles with a
worldwide face value estimated in excess of $50 trillion -- are
bracing themselves for the fallout from the Lehman Brothers
bankruptcy and the takeover of Freddie Mac and Fannie Mae by the
United States government. Three auctions to be held next week will
determine the amount of settlement payments required to be made
under credit default swaps with Fannie Mae, Freddie Mac, and Lehman
Brothers as the reference entity.

These auctions will be used to set values to be paid under thousands
of agreements and are scheduled to take place on:

Freddie Mac October 6, 2008
Fannie Mae October 6, 2008
Lehman Brothers October 10, 2008 (TBC)

WHY: After these auctions, credit protection sellers are expected to be
called upon to make payments that, in the aggregate, are
extraordinary for the credit default swap market. Some estimate that
the payments on Lehman's bonds alone will be $350 billion.
WHO: Given the unusual volume of these payments and the current
difficulties in worldwide financial markets, the credit default swap
payments may lead to stresses on vulnerable counterparties and to
disputes over payments.
Be Aware !

User ID: 517144
France
10/05/2008 04:17 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
bump

The october surprise ?
Anonymous Coward
User ID: 487814
Canada
10/05/2008 04:26 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
All I can say is this:

crap
Reality is BS

User ID: 517677
United States
10/05/2008 04:29 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
I hope it crashes and totally destroys the current economic model.
Anonymous Coward
User ID: 467448
United States
10/05/2008 04:30 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
gwdance

Whoo-hoo!
Kingman-Art

User ID: 516046
United States
10/05/2008 04:52 PM

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Re: Massive Credit Default Swap (CDS) Payments Come Due
I hope it crashes and totally destroys the current economic model.
 Quoting: Reality is BS


I hope not.

The reason is a few billion people will die.
Not because of any warfare of riots; though there will be some of that.

What kills billions is GRID-LOCK in the Global just in time supply chain; with no true effective overrides in order to take over manual control.

Imagine that everybody on planet Earth wakes up and drinks their favorite morning drink.

Imagine that they all use a paper cup.
Imagine that they want to do it again,the very next day.

Throw away cup,quick drink, kind of nice.

IMPACT: IT means that somewhere on planet earth
6,000 million paper cups have to be made and transported
all over the planet to the final end use point
and it has to happen in less than 24 hours!!!!

Are you getting the picture?
Do you see the stores empty in the blink of an eye
because of supply chain failure?

Nope, I sure hope that the Settlement Auctions go just fine.
If they do not .......
zen warrior
User ID: 485158
United States
10/05/2008 04:54 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
Let the axe fall! Fuck this evil monetary system and all the corrupt shills who parasitize our labor and property to enrich themselves from it!
TIME for a NEW Paradigm!
Kingman-Art

User ID: 516046
United States
10/05/2008 04:59 PM

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Re: Massive Credit Default Swap (CDS) Payments Come Due
Let the axe fall! Fuck this evil monetary system and all the corrupt shills who parasitize our labor and property to enrich themselves from it!
TIME for a NEW Paradigm!

 Quoting: zen warrior 485158

O.K.
Please, tell me what the new paradigm is going to be?
I mean we have to replace it with something right?
And we should have it all ready to go before the axe falls.

I really would like to know and I am sure many other people
would like to know also.

What is the replacement NEW Paradigm?
Strossus

User ID: 498216
Canada
10/05/2008 05:00 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
I hope it crashes and totally destroys the current economic model.
 Quoting: Reality is BS

"We're not scaremongering, this is really happening."
Kingman-Art

User ID: 516046
United States
10/05/2008 05:08 PM

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Re: Massive Credit Default Swap (CDS) Payments Come Due
I hope it crashes and totally destroys the current economic model.

 Quoting: Strossus

Yes it is really happening.
2 hours 57 minutes to go before data calculations begin.
Disinterested Observer (OP)

User ID: 486149
United States
10/05/2008 07:03 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
I hope it crashes and totally destroys the current economic model.


Yes it is really happening.
2 hours 57 minutes to go before data calculations begin.
 Quoting: Kingman-Art




Tick... Tick... Tick...
Anonymous Coward
User ID: 390552
United States
10/05/2008 07:10 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
shit,i forgot to order my generator
DanG
User ID: 479550
United States
10/05/2008 07:24 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
get food, get cash...

keep your arms inside the ride
907AKdude

User ID: 459879
United States
10/05/2008 07:27 PM
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Re: Massive Credit Default Swap (CDS) Payments Come Due
bump
Fear Profits a Man Nothing.
~

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