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Reply #35: Estimates of the bad paper vary widely [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

zagging

(531 posts) Send PM | Profile | Ignore

Sun Mar-01-09 03:45 AM
Response to Reply #19

35. Estimates of the bad paper vary widely

As the article stated, the US is not responsible for it, but it's all tied together. A good chunk of the bad derivatives and CDSs were taken by offshore money. The OP article notes the domino effect.

As for the number, you're right that nobody knows how much is bad. From what I have gathered, there are about 700T in CDSs and derivatives worldwide, with somewhere between 50 and 200 of them bad. It's not exact.

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