Greek Credit Event Is `Technical Issue,' Humes Says

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March 9 (Bloomberg) -- Hans Humes, president of Greylock Capital Management, talks about the credit event declared by the International Swaps & Derivatives Association with regard to Greece's use of collective action clauses forcing investors to take losses under the nation's debt restructuring. The ISDA's determinations committee ruled the use of CACs is a restructuring credit event, triggering payouts on $3 billion of default insurance. Humes speaks with Adam Johnson, Trish Regan and Michael McKee on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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