This isn't going to be long, so call the dairy police, if you must.
There's just this thing that bugs me and I haven't seen addressed yet, that seems to me to be a pretty basic question that certain folks should be made to answer right now:
Since Credit Default Swaps schemes can be described as large-scale betting on financial collapse, who in government right now is deeply invested in such "instruments," or is assoicated with entities who are playing the CDS game?
I mean, when someone comes to you with a strong arm "request" for a trillion dollars (for starters) wouldn't it be wise to dig into their motives?