Oh, I hope you're kidding about being in the business. If that's the case, you're THE FIRST person I've run into who tries this crap. AIG let the traders get away with it because (a) THE FEES and (b) NO RESERVE REQUIREMENTS. This kind of shit was happening EVERYWHERE, because Greenspan made Wall Street the Wild West by refusing to regulate. Like Goldman and John Paulson creating shit securities specifically to be SOLD and SHORTED, making Paulson TWO BILLION and GS who knows HOW much. Like ratings agencies giving these shit securities AAA, Treasury-fucking-level, ratings to keep the FEES coming in. And how much in CDSs? I dunno, I've heard $80 billion. Whatever the number, it was enough to sink AIG, send them crawling hat in hand to Hank Paulsen, suck up a bailout, and (most importantly) mightily contribute to the domino of panic that was gripping markets and freezing up credit. And this was just one piece of the fucking nightmare. Play this game with someone else. I'm done. .