Either way, it was confusing enough to make voters default to their partisan positions.

ECONOMIST: Introduction

Although there are ISDA rules to cover such events, the sheer size of Lehman in the market (its gross derivatives positions will be hundreds of billions of dollars) makes this default a severe test.

ECONOMIST: The fallout from the bankruptcy of Lehman Brothers

Another benefit is that bond funds spread out their positions over many individual issues, and this can reduce credit (default) risk.

FORBES: 5 Reasons Why Bond Funds Can Help You Navigate Bond Market Headwinds Successfully

But his positions on many other items are not, and I worry that support for Johnson would mean default support for a lot of other policies I disagree with.

FORBES: Shrinking the Liberal Tent