Tag Archives: karl deninger

RCM Comment: The following explanation, while a little esoteric, offers unparalleled insight into a major component of the credit crisis: Karl Denninger- I buy a CDS on GE (a few weeks ago) for a couple hundred basis points ($200,000 per $10 million)The SELLER of that CDS protects against possibly having to pay by shorting whatever he can against that short […]