tag:blogger.com,1999:blog-1708908742323002823.post1021734466383548074..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Wall Street Journal Editorial Page Dissects the European Bailout PlanTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1708908742323002823.post-26398918427869651172011-10-28T00:02:19.314-07:002011-10-28T00:02:19.314-07:00When is a credit-event not a credit-event? When th...When is a credit-event not a credit-event? When the CDS contagion would cause more damage than they can contain. However, making this 50% "haircut" NOT a credit event has it's own consequences. And further, if Greece can get a 50% discount on it's debt, what message does this send to the other little piggies? The unintended consequences are compounding rapidly.Saulhttps://www.blogger.com/profile/11223726282638853316noreply@blogger.com