Huffpost Business

Naked Credit Default Swaps Need To Be Banned: Wolfgang Munchau

Posted: Updated:
Print

I generally do not like to propose bans. But I cannot understand why we are still allowing the trade in credit default swaps without ownership of the underlying securities. Especially in the eurozone, currently subject to a series of speculative attacks, a generalised ban on so-called naked CDSs should be a no-brainer.

Around the Web

Naked Credit Default Swaps: Exposed! - The Atlantic Business Channel

Don't Ban Naked Credit Default Swaps if the Law Can't Be Enforced ...

Firedoglake » Geithner Endorses Naked Credit Default Swaps

New York Times Whiffs on Greece, Again

Financial Weapons of Mass Destruction

Filed by Grace Kiser