“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
05 November 2008
Top 20 Credit Default Swaps Exposure Net Notional Basis
Thanks to Paul Kedrosky at Infectious Greed for putting this together from the DTCC Report.