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 World's Strangest Financial Instrument -- Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt?

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World's Strangest Financial Instrument -- Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt? Vide
PostSubject: World's Strangest Financial Instrument -- Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt?   World's Strangest Financial Instrument -- Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt? Icon_minitimeFri Mar 19, 2010 8:02 pm
Does it make sense to buy insurance against, say, a nuclear attack on Washington—if all the insurance providers' headquarters are inside the Beltway? Of course not. So why do investors buy insurance on U.S. government debt?

http://www.newsweek.com/id/235061?from=rss
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World's Strangest Financial Instrument -- Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt?

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