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The size and wide ranging effects of credit default swaps would make that almost catastrophic in the global economy. Credit default swaps were essentially unregulated financial devices that virtually nobody truly understood.
Like these people really need the bonuses right now. Talk about no fucking moral compass. This is not money they earned from services rendered, this is money to keep their asses afloat. It's like loaning someone rent money and they give it to their kids for allowance. Fuck their contracts. That shit can wait till a more reasonable time, given the circumstances.