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Loan Modification

: Mortgage Lender Implode-o-Meter

Are Traders Demanding US Credit Default Swaps Payable in Gold?

By Implode-Explode Heavy Industries

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"It does make sense, of course, to price a US default in something other than dollars. The question that comes to mind though, is not the suggested method of payment, but the nature and quality of the counter-party who could stand reliably behind such a claim without it being a fraudulent contract by its very nature."

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2010 (boomark / email).

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