Providing Protection Over Own Assets with CDS

Is it possible for a company to sell protection on their own assets or own country bonds by CDS? The company can buy protection on these assets, but how about selling? I suppose it can not sell,because when company defaults,it cannot also meet the obligation on CDS. Is there any paper, writing about the subject?


They probably can, but, as you point out, it’d likely be stupid. Furthermore, where’s their market? Would you pay for insurance from such a company? That’d be even stupider.