CDS seems to be more of the problem then a solution. Unregulated debt should not be the governments fault. Let this be the first too big slice of the cake to fail.

The whole idea of having a CDS on something you don't own smacks of someone rooting for the system to fail. Seems to be used by the ultimate form of parasite ... Finance vehicles created to create inertia and make systems fail so they get a payout.

Well guess what, call the bluff let the parasites play musical chairs with each other and do not give a single tax dollar to bail out their schemes.