Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

The word "camouflage" comes to mind when reading about Fed swaps.


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/9_Sinclair_-_Greek_Tragedy_Part_of_%2437_Trillion%2C_Not_%243.5_Billion.html

ISDA Says Greece In Default, CDS Will Trigger

In the most predictable event category: the ISDA finally declared Greece has defaulted.  The market's ho-hum response is also predictable.  But then again, markets yawned in 2008 initially.

http://www.forbes.com/sites/afontevecchia/2012/03/09/on-greece-defaults-and-the-future-of-derivatives/