These "positions" can't help now from moving into counterparty crisis territory, especially as the bond insurers such as MBIA and Ambac go up in a vapor, and if that happens the damage could be so colossal globally that Stephen Hawking might have to be brought in to run the Federal Reserve.This is going to be a rough week. Fastening your seat belts may not be enough for this ride. Better superglue yourselves to the floorboards and pray for God's mercy.
BumPing (thanks for the ping, jed).
“Stephen Hawking might have to be brought in to run the Federal Reserve.”
Serious topic...but that was hilarious! :)
Praying for God’s Mercy