[ExpodoDop]

Shits about to hit. ICE and other clearinghouses run huge amounts of OTC derivs. HUGE. ICE cleared means that ICE manages margin so you can trade with any name without having to do credit risk workup on them and contractuals. If ICE and CME get bailout promise, that means that large/VERY LARGE counterparties are about to go fail. JP MORGAN.

If this is true, then when you have an ICE cleared deal with JP as the counterparty, and JP fails, ICE makes up the difference. ICE clearing charges its members a small fee to insure the normal small fail that occurs on a clearing market. If the little fail, turns into a HUGE fail, then ICE, CME and LCH will be bag-holders well beyond their normal member reserves. That will be the derivatives primer shot going off to ignite the whole enchilada. By guaranteeing these clearing markets, US is guaranteeing a very large portion of the entire world's derivatives credit exposure. If they are going there, then the CDS market is already failed on paper or for real. Get tangible....NOW