CDS Silliness

I'm always a fan of Portfolio columnist Felix Salmon. He's sharp, he knows his stuff, and isn't afraid to come way out and call a fool a fool.

He's been on a roll lately, taking apart some of the sillier ideas about solving the problems caused by Credit Default Swaps (to understand CDS listen to the great story by our Alex Blumberg in our recent This American Life story).

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