[wideawake]

you specifically stated that very few CDS contracts are settled

I never said that.

I'll be waiting...

Uh-huh.

The fact that bonds for a number of these companies are still quoted and traded, even though the conditions exist for CDS settlement, shows that a substantial number of contracts did not settle - otherwise there would be no reason to quote or trade the bonds.

And I have given you a number of market-based reasons for why a market would be.

Reasons which apparently you cannot understand or discuss intelligently.

Your sky-is-falling scenario of utter collapse is not borne out by actual trading activity in the secondary markets.

[politicket]

From 'wideawake' - posted up the thread. And I quote:

"Of the above named companies, do you know how many CDS contracts have actually settled, and for what amount they settled? The answer may surprise you."

Ok, wideawake, surprise me....I'm waiting.