> Like synthetic credit default swaps?
You mean a synthetic CDO? CDS don't need to be synthetic.
>Tell that to Greece people that got into the Euro because of clever CDS from Goldman Sachs
The people of Greece (and their political leaders) wanted to get into the Euro. They spun their own fiction.
>Tell that to Greece people that got into the Euro because of clever CDS from Goldman Sachs The people of Greece (and their political leaders) wanted to get into the Euro. They spun their own fiction.