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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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Most articles you read will go for the shock and awe of the gross CDS positions out there. They downplay the fact that the majority of the positions are against each other and net to nothing. Nonetheless, the true 'net' CDS positions, should they be called, could be quite a wet blanket for the financial markets - to put it mildly.
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Several BMWs
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