Originally Posted by
Capt Scribble
Paul737: Credit default swaps?
Assuming that you find a bank or insurance company crazy enough to issue such a contract the premium on the contract if you own it or the price if you want to buy a Norwegian CDS would be through the ceiling to reflect the current probability of solvency of the company. This is not 2008.
A Norwegian CDS, that by the way probably don’t even exist for obvious reasons, now would price in the current difficulties of the company