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: Structured Settlements 4RealSome Say Credit Default Swaps Should Be Regulated As Insurance
By John Darer
"Credit default swaps nearly brought down the world financial system last fall when it was discovered that AIG Financial Products had written hundreds of billions of dollars worth of credit protection without setting aside sufficient reserves. Yet since then, pathetically little has been done to get this corner of the derivatives market under control" Today's Insurance Journal discusses credit default swaps and the notion of having them regulated as insurance that is currently being mooted.
Read the excellent Reuters' credit default swap commentary edited by Martin Langfield in the July 7, 2009 Insurance Journal
Full post as published by Structured Settlements 4Real on July 07, 2009 (boomark / email).
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