Why are naked CDS still not forbidden?
>>1314821
Because the whole derivatives market is an unregulated, unsupervised, off-the-books, private shitshow.
Because if I know a company is going to default on their loans, if I have the expertise to know that, I should be able to make money off of it.
>>1314847
isn't that insider trading?
>>1314889
No, it's analysis of capital structures and cash flows
lrn2FA