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|User Info||Three Words: NO ECONOMIC STANDING; entered at 2010-10-20 11:44:49|
Registered: 2009-02-17 Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
Are We discussing INSURANCE or CDOs written on the MBS?|
In the case of a Pile of CDOs there may be no 'policy' and therefor no Interest beyond that existing between the Counterparties as per the payment triggering event.
If the 'insurance' is a heap of OTC CDOs there may only be default and payment parameters.
There may exist NO contractural rights of any kind to the asset the CDO was written against!
Last modified: 2010-10-20 11:46:55 by throxxofvron