Search Results - credit-default-swaps
Bond insurer MBIA Inc. (NYSE:MBI) had filed six 'causes of action' against Merrill Lynch (NYSE:BAC) in reference to complicated debt securities the firm had insured on behalf of Merrill, and New York State Supreme Court Justice Bernard Fried has dismissed five...
Banking (Apr 10th, 10)
Banking (Apr 10th, 10)
Previously we discussed what a derivative is and, more specifically, what a credit default swap (CDS) is and how they work. We saw that credit default swaps are actually comparable to simple insurance policies. Today I want to discuss a specific market where c...Banking (Nov 3rd, 09)
With our financial system in disarray, it seems that no one will give us a straight answer on what caused it. My goal in the next few blogs is to explain specifically what happened during the economic crisis, and how it happened. I am going to break down the...Banking (Oct 27th, 09)