That entry is extremely opinionated and does not necessarily reflect reality in all cases. The part on CDS "incentives" highly depends on what CDS and bonds ow

That entry is extremely opinionated and does not necessarily reflect reality in all cases. The part on CDS "incentives" highly depends on what CDS and bonds owned (a lot of CDS in this case used as a hedge) and a lot of people lost a lot of money on bad trades involving both.