/biz/ - Business & Finance

>>56472019
A lot of these bonds now are in grave danger. It’s like selling insurance to someone who’s going to go to the electric chair in a couple of months.”
The fact that the price paid was so much higher than any other bid—and just enough to avoid payouts on one of the references in the CMBX 6—could constitute market manipulation by someone on the long side of a CDS trade.
In many instances, it’s just a rigged market for billions and billions of dollars.