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This from some digging on the most reliable source on the internet, Wikipedia:
According to the ISDA (international swaps and derivative association)
In 2007 the notional amount of CDS was $45 TRILLION
In 2008 the notional amount fell to $38.6 Trillion.
In 2009 the estimate is for 30 Trillion. But this is post an accounting change that took effect this year to eliminate offsetting contracts that cancel each other out.
Regardless as to whether or not these numbers are exact, the CDS market is gigantic.
Please now use Old Jedi mind tricks and repeat after me, "these are not the driods you are looking for."
__________________
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-Marine Blue '87 930
Last edited by Rich76_911s; 02-18-2010 at 12:44 PM..
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