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Credit Default Swaps

America: Get Your Financial Act Together

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.

It's the Mortgages: How to Restore the Health and Stability of the Economy

Graciela Chichilnisky | Posted 05.25.2011 | Business
Graciela Chichilnisky

The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 05.25.2011 | Business
David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

The Olympics of the Swindles

Rep. Major R. Owens | Posted 05.25.2011 | Business
Rep. Major R. Owens

The present economic collapse, which will surely devour more than a trillion taxpayer dollars within the next six months, utilized an earlier model -- the Savings and Loans swindle.

"Financial Weapons Of Mass Destruction," A Briefing (VIDEO)

60 Minutes | Posted 05.25.2011 | Business

Credit default swaps are consistently listed as one of the top reasons for America's current economic crisis, and though many on main street probably ...

Turf War Develops Over Regulation Of Credit Default Swaps Market

Washington Post | Posted 05.25.2011 | Business

The government is moving forward with its first significant effort to bring oversight to a vast, unregulated corner of Wall Street that has severely e...

Chicago Mercantile Exchange Leads Credit Default Swaps Market Race

Reuters | Jonathan Spicer and Daisy Ku | Posted 05.25.2011 | Chicago

The race for rights to set up a regulated and exchange-based market for credit default swaps is being led by CME Group , but the final decision will b...

Paint McCain a Red-Baiter

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.

The First Death Rattle of Our Unsustainable Economy (Part II)

Rebekah and Stephen Hren | Posted 05.25.2011 | Green
Rebekah and Stephen Hren

Since our current economic system is riddled with contradictions that are forcing its implosion as it abuts the physical limits of our planet, what do we do next?

Credit Default Swaps, the Collapse of AIG and Addressing the Crisis of Confidence

David Paul | Posted 05.25.2011 | Business
David Paul

The problem seems straightforward. After the AIG collapse, how does one institution trust its exposure to another?

What Is A CDS, Or Credit Default Swap?

CNN | Nicholas Varchaver and Katie Benner | Posted 05.25.2011 | Business

If Hieronymus Bosch were alive today to paint a triptych called "The Garden of Mortgage Delights," we'd recognize most of the characters in the baccha...

Lehman Assets Nearly Worthless, Dangerous Implications For Economy

Clusterstock | John Carney | Posted 05.25.2011 | Business

So the final results from the Lehman Brothers CDS auction are in, and they're even uglier than expected. Finally price is 8.625 cents on the dollar. ...

AIG Executives Win Record Government Bailout: Next Stop, Disneyland

Deborah Senn | Posted 05.25.2011 | Business
Deborah Senn

Too often insurers create labyrinthine corporate structures to avoid oversight -- when the "non-insurance" holding company is the puppet-master for the entire corporate entity.

Lack of Disclosure the Root Cause of the Financial Crisis

Peter Scheer | Posted 05.25.2011 | Business
Peter Scheer

The market did not understand that families buying homes would have an incentive to default on their mortgage obligations if housing prices stopped rising or actually declined.

Measuring The Crisis: Look Past Stocks

BusinessWeek | Ben Levisohn | Posted 05.25.2011 | Business

With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around th...

Hank Paulson Should Call John Doerr

Adam Hanft | Posted 05.25.2011 | Business
Adam Hanft

More than Paulson, more than Bernanke, more than pretty much anyone in Washington I'd trust venture capitalist John Doerr to negotiate my stake in the bailout.

Fifty Chimpanzees or One Toothless Gorilla

Deborah Senn | Posted 05.25.2011 | Business
Deborah Senn

AIG's financial meltdown this past week was not the result of failed insurance regulation. (Go ahead. Read that one more time, real slow.)

Is Your Fund At Risk?

Business Week | Lewis Braham | Posted 05.25.2011 | Business

Complex financial instruments called credit default swaps have roiled the financial markets for months. They're at the heart of the bond insurers' woe...