Serious Economy Credit default swaps are back in fashion — even if the panic might be overblown

[Clam]

https://www.cnbc.com/2025/05/29/credit-default-swaps-are-in-demand-again-amid-us-fiscal-worries-.html

 

[Harumph]

"Neither a borrower nor a lender be," is a line from Act 1 Scene 3 of Shakespeare's play, Hamlet (1623), which is more than 400 years old. It is spoken in a speech by Polonius, King Claudius' chief minister. His son, Laertes is leaving for university in Paris. Laertes and his sister, Ophelia, are waiting for him at the harbor. He arrives, and delivers a speech, in which he gives his son his blessing and offers him advice about how to conduct himself. It is the speech that probably has the most quoted phrases in all of Shakespeare's speeches, wise phrases such as "Give every man thy ear but few thy voice," "to thine own self be true," and "The apparel oft proclaims the man' fill the speech." The last piece of advice is, "Neither a borrower nor a lender be."

 

[D.O.A.]

Even after the subprime crash they still trade these things. You can't stop the money.