8th March, the CBOE in America will offer the famous Credit Default Swaps for the public
We will call Credit Event Binary Options (CEBOs), options that allow you to bet on the bankruptcy of a single company or country like Greece or Italy and have a price expressed in terms of the difference between Libor, such as 300 points above Libor. I think when all of a sudden took off in early 2008 to sell all the bonds short, the rule of the 'uptick "that you could sell short only after a tick up, the" Limit Down ", ie the maximum daily loss of the S & P and Nasdaq .... just before the avalanche started
The top ten companies that have these options to bet on their bankruptcy is (obviously society with many debts and low rating)
* AK Steel Holding Corporation
* Advanced Micro Devices, Inc.
* ArvinMeritor, Inc.
* American Axle & Manufacturing Holdings, Inc.
* Hovnanian Enterprises, Inc.
* Huntsman Corporation
* MBIA Inc.
* The PMI Group, Inc.
* Smithfield Foods, Inc.
* Tenet Healthcare Corporation
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