"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
It wasn’t enough that the banksters sold garbage bonds and made dicey loans to Greece. Nope, they had to make huge bets on them too. Of course they made money doing both and certainly assumed if things went bad they…
CMA Vision The CMA Sovereign Risk Monitor identifies and ranks the world’s most volatile sovereign debt issuers according to percentage changes in their 5 year CDS. Illinois’ accomplishment is impressive indeed, especially considering Iceland had their entire banking system self-destruct…
Image from NY Times article, Arcane Market Is Next to Face Big Credit Test, an article which is getting huge circulation among financial blogs as it is makes public to the world at large what the financial blogs have been…
Bill Gross of giant bond management company PIMCO says losses on credit default swaps could reach $250 billion based on historical default rates. To put that number in perspective, many Street estimates ascribe similar losses to subprime mortgages, a derivative…