Indeed, CDSs are blamed as one of the main causes of the financial crisis. The legality of Goldman Sachs’ behavior will be determined by a court of law, but CDSs’ odious reputation is jeopardizing the survival of this instrument in the court of public opinion.
的确，CDS产品被指责为金融危机爆发的主要原因。而高盛上述行为的合法性也将被法院裁决，但CDS在公众中糟糕的名声已经威胁到其自身的生存问题。