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The problem of defaulted interest payments still hasn't shown up on the radar screen. The government bank bailout generally covers mortgages and other consumer debt CDOs, but not corporate debt.

If you look at the wording of the bill it does include corporate debt. And if I understand it right, leaves the choice up to the Treasurey Departement. There is nothing to stop them from choosing corporate debt over consumer, imho.

I think "they" have focused on the mortgage debt to keep us from looking at the rest of the debt.


Do the CDSs expire? Can the clock run out on them? I hope I'm asking the question so you know what I mean. I'm too new at this.

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