You didn't recognize how you did just the same with bitcoin - taking out one of the value points and creating strawman out of it? 1. CDS is basically an insura

You didn't recognize how you did just the same with bitcoin - taking out one of the value points and creating strawman out of it? 1. CDS is basically an insurance product: http://en.wikipedia.org/wiki/Credit_default_swap http://en.wikipedia.org/wiki/Credit_default_swap 2. I mentioned CDO just as an example of "risk analysis" failure by credit rating agencies. I did this to point what kind of innovation you are talking about in your impressive list of acronyms that you mentioned in your first post.