Run_the_wheel made the comment in a post below:  "Pimple on the a$$ of the global economy? Yes" ................And it got me to thinking.

Wouldn't it be a hoot if the likes of JP Morgan had sold someone like Kyle Bass a hundred million dollars worth of credit default swaps on Cyprus bank and/or sovereign debt for a single basis point? I have no knowledge of such a thing, just idle speculation on what a pimple could turn into.

Timmy and Benny would be getting interested in the outcome I bet, if such a thing were the case.

Hinde Capital had some interesting comments on what Cyprus could mean to the Euro Zone.

John