There were rumors around the Street a decade ago that Chavez in Venezuela was encouraging Bolivia to talk up a debt default, he then sold CDS protection against

There were rumors around the Street a decade ago that Chavez in Venezuela was encouraging Bolivia to talk up a debt default, he then sold CDS protection against the debt at inflated prices, and then encouraged Bolivia to pay after all. Sadly a world of more liquid interconnected capital markets seems ripe for abuse by insider political actors operating globally.