"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
A French bank says US banks have stopped lending to them. The chart shows spreads on credit default swaps (CDS) for Portugal, Ireland, Italy, Greece and Spain (the PIIGS.) CDS are psuedo insurance that big players buy and sell on…
According to top experts, risky derivatives were not only largely responsible for bringing down the American (and world) economy, but they still pose a substantial systemic risk. Now, Bloomberg notes that the carbon trading scheme will be largely centered around…
Bondholders who bought credit default swaps may benefit more if the company goes bankrupt. That’s because they will get paid by whoever sold them the CDS. Thus, they probably would not be interested in negotiating terms or helping the company…
Or at least the work that financial news networks should be doing but aren’t because they’re too busy glorifying the money culture. Pseudonymous blogger prompts financial firm to freak out Zero Hedge did some digging about National Rural Utilities Cooperative…
Pond scum Goldman recommends credit default swaps against NJ, CA, WI, FL, OH, MI, others By recommending that clients buy CDS against states, Goldman is deliberately aiding and abetting the financial problems of these states in order to make a…