I still don't understand your objection to GSO's opportunistic trading. Triggers and credit events were provisions agreed on by both parties - it's a bespoke

I still don't understand your objection to GSO's opportunistic trading. Triggers and credit events were provisions agreed on by both parties - it's a bespoke CDS after all - the only unintended consequence would be for future CPs to read the annexes to what they are trading, can't say it will be bad.