Naked Credit Default Swaps

Financial Reform: It's the Derivatives, Stupid!

Leo W. Gerard | Posted 05.25.2011

Leo W. Gerard

Wall Streeters who get millions in bonuses to know better are still trading in derivatives. Nothing is preventing another financial collapse, when Wall Street will come crying to Washington for a new $700 billion

Naked Credit Default Swaps Need To Be Banned: Wolfgang Munchau

Wolfgang Munchau | Posted 05.25.2011

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 ...