How To Eliminate The Derivative Debt Hole
June 22nd, 2009 | 
Author: 
Call your congress person. Lets get it done.
Force Majeure in the ISDA Master agreement http://www.aar.com.au/pubs/pdf/baf/fobafmar03.pdf
Relevant section:
The 1992 Agreement did not include a force majeure
(or impossibility) termination event due to lack of
market consensus on the need for such a provision.
The events of the past two years have consolidated
market opinion on the need for the force majeure
termination event. It is introduced at section 5(b)(ii) of
the 2002 Agreement.
A force majeure termination event will occur if, by
reason of force majeure or act of state, the offi ce
through which a party (or its credit support provider) is
acting is prevented from making or receiving payments
or deliveries or it becomes impossible or impracticable
for that offi ce to make or receive payments or
deliveries.
About CDS
http://www.tavakolistructuredfinance.com/CDS.pdf
Duration : 0:3:39
Posted in eliminate credit debt | 
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good idea what u …
good idea what u saying
aldo since the illumianti control evrithing
foce major shoudl be done only at time
of there own choosing and there interest
and there agenda is not to make things better but to bankrupt the world
and make the 4th reacih nazi world state
There would …
There would definitely be winners and loosers in that senario. My guess is that they haven’t done it (yet) because the wrong entities would come out on the short end of the stick (I think JP Morgan’s derivative book dwarfs all others).
I really enjoy hearing your thoughts on these subjects. Good vid.