{"id":9283,"date":"2011-10-30T23:59:41","date_gmt":"2011-10-30T15:59:41","guid":{"rendered":"http:\/\/maddruid.com\/?p=9283"},"modified":"2011-10-31T11:51:09","modified_gmt":"2011-10-31T03:51:09","slug":"2451-damned-if-you-do-damned-if-you-dont","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=9283","title":{"rendered":"[2451] Damned if you do, damned if you don&#8217;t"},"content":{"rendered":"<blockquote><p>The holders of $22 billion in Italian CDS may be growing anxious after receiving news that a 50 percent haircut on Greek debt will fail to trigger a credit event that would force sellers of the swaps to pay out.<\/p>\n<p>[&#8230;]<\/p>\n<p>If this failed to trigger a CDS event, many investors may find themselves without protection, potentially triggering substantial and unexpected losses.<\/p>\n<p>More broadly across Europe, DTCC data show that net notional CDS outstanding for France, Italy, Germany, Spain and the U.K. total nearly $100 billion. [Michael McDonough. Efficacy of CDS in doubt. <em>Bloomberg Brief: Economics<\/em>. October 28 2011]<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The holders of $22 billion in Italian CDS may be growing anxious after receiving news that a 50 percent haircut on Greek debt will fail to trigger a credit event that would force sellers of the swaps to pay out. [&#8230;] If this failed to trigger a CDS event, many investors may find themselves without [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1413,1404],"class_list":["post-9283","post","type-post","status-publish","format-standard","hentry","category-economics","tag-credit-default-swaps","tag-european-financial-stability-facility"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9283"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9283\/revisions"}],"predecessor-version":[{"id":9285,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9283\/revisions\/9285"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}