F. George McDuffee wrote:

(5) There appears to be nothing to prevent an "insider," such as
a corporate officer or banker (or their foreign representative),
from buying credit swap derivatives knowing their corporation is
about to default, thus making a 900% return.



There are laws against such things, but they are rarely enforced.


Unless you're stupid, like Martha Stewart, and make it obvious.



thanks,

K. Gringioni.