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Search results for credit default swaps

What's a Guy Gotta Do to Get Fired? A Rant on AIG Bonuses

A lot of ink, both digital and otherwise, has been spilled over the AIG bonus fiasco. A lot, but not enough. I rarely, if ever, side with the populis[...] read more »
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Credit Default Swaps How Goldman Sachs Used Greece Currency Manipulation to Hide Debt

Video: Credit Default Swaps How Goldman Sachs Used Greece Currency Manipulation to Hide Debt. SEC Investigation, Greece Debt, Greece Currency, Credit[...] read more »
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Propping Up a House of Cards by Joe Nocera

An insightful explanation on AIG and how its involvement in credit default swaps puts it at the center of the financial meltdown. Nocera does a grea[...] read more »
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AIG Reports Biggest Quarterly Loss in History

The insurance giant reported a fourth-quarter loss of $61.7 billion, the largest quarterly loss in history. Now the federal government is forced to p[...] read more »
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The Penny Daily: What Are Credit Default Swaps?

Credit default swaps have recently been making the news. But do you know what they are? Here is an explanation. read more »
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How Credit Default Swaps "Destroyed" The World Economy

Unregulated credit default swaps (or CDS's) were used by banks to make huge amounts of money from their own bad debts. The world is teetering on fin[...] read more »
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