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US Credit Default Swaps

Washington Must Ban U.S. Credit Derivatives: Games and Gold (Part 2)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Most traders in U.S. credit default swaps don't think the U.S. will default as long as we have money printing presses, so they are speculating on price movements.

Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold (Part One)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Credit default swaps are not insurance. If you buy fire insurance on your home, you must own the house. If you buy credit protection on the United States, however, you do not need to own U.S. Treasury bonds.