What companies other than AIG who wrote CDS contracts may be liable?

gopbuster

(715 posts) Send PM | Profile | Ignore

Sun Sep-28-08 12:07 PM
Original message

What companies other than AIG who wrote CDS contracts may be liable?

Is MMC a candidate for huge liabilities? I know Putnam (their investment division at one time had some problems about a year ago)

Any others?

Anyone?

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FarCenter

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Sun Sep-28-08 12:22 PM
Response to Original message

1. No one really knows

It is an unregulated industry. There is no central clearing house.

Although it is probable that the big players know quite a lot about who has made what kind of committments.

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gopbuster

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Sun Sep-28-08 12:52 PM
Response to Reply #1

2. Shadow market and off the books....seems like I read where

some of the big banks even wrote them on themselves! Holding a risk management portfolio in that respect. Good lord

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