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: Mortgage Lender Implode-o-MeterMandelman U. Presents: There?s Credit Default Swaps & then there?s Credit Default Swaps
In 1998, there were so few Credit Default Swaps in play that they were hardly worth counting. Not only were there a relatively small number of these credit derivatives being issued, but they essentially never paid off. That?s right. Issuing credit default swaps, at least as they were originally conceived and utilized, was risky like issuing flight insurance was risky.
So, what the heck happened to elevate credit default swaps to the status of global economy killer as they might rightfully be described today? Well, there are credit default swaps? and then there are credit default swaps.
Full post as published by Mortgage Lender Implode-o-Meter on November 25, 2010 at 03:19:07 (boomark / email).
Credit Default Swaps: Regulation Du Jour
Credit Default Swaps: Regulation Du Jour In testimony last week before the Senate Banking Committee, SEC Chairman Cox pointed out the enormous regulatory black hole in which credit default swaps have come of age since pretty much the dawn of...
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Yesterday, NPR interviewed Law Professor Michael Greenberger, who provided an explanation of the complex derivatives, such as credit default swaps, which are not transparent and, as a result, create a "shadow" economic impact which we still can't fully evaluate...
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On Oct. 6, bizjournals noted:And on Friday, Sept. 26, a ?silent run? began on Wachovia?s deposits, as borrowers drew down on lines of credit and depositors removed funds from their accounts, the suit states...
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