[dan1123]

You can take out (‘buy’) insurance on debt obligations that you don’t own.

??!?!?!?! I was nodding my head and not too worried until I read this line. That's insane. It's like being able to take out auto insurance on a car owned by a guy you don't like, and getting paid if he crashes because you cut his brake lines. And to make things even better, you have a nice handy CDO label of cars whose brake lines are already cut!

[politicket]

And to make things even better, you have a nice handy CDO label of cars whose brake lines are already cut!

Now you're understanding. And we're being lied to by Bush, Bernanke, and Paulson (and I voted for Bush both times).