Karl Denninger is ready to blow a gasket (insurance, cost, money)

[J746NEW]

It's here, and it's now. We're days - maybe hours - from another credit lockup.

I hope you're prepared... but if you're not, let's channel our anger constructively.

And this time, No More Bailouts.


Welcome To Credit Collapse 2011 in [Market-Ticker]


Listen to his err.. 30 minute rant here

Welcome To Credit Collapse 2011 10/03 by TickerGuy | Blog Talk Radio


CDS are rising big time!

Look at the players involved.



And the TBTF are falling big time.

All gains from the "monetization of the debt" + the Bailouts was a Big Waste of time and money.

BAC is almost done, down 10% to $5.52 from a high of $53.57 at one time.

[t206]

Can someone clarify what the "Current" and "Change" columns actually indicate?

[Pequaman]

Originally Posted by t206

Can someone clarify what the "Current" and "Change" columns actually indicate?

Change is daily change.

Current is cost (in $hundreds of thousands) to insure $10M in the underlying company's debt.

What's funny is, this insurance won't do much good if several of the top banks actually do collapse.

[t206]

Originally Posted by Pequaman

Change is daily change.

Current is cost (in $hundreds of thousands) to insure $10M in the underlying company's debt.

What's funny is, this insurance won't do much good if several of the top banks actually do collapse.

Thank you.