I have repeatedly argued that over-the-counter credit default swaps (CDS) – or at least at least “naked” CDS – should be banned (“naked CDS” is the term I coined to describe the situation where the buyer is not the referenced entity. I will not comment…
Posts Tagged ‘swaps’
Credit Default Swaps Are STILL Dangerous
September 16th, 2009 |
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I have repeatedly argued that “naked” over-the-counter credit default swaps (CDS) should be banned (“naked CDS” is the term I coined to describe the situation where the buyer is not the referenced entity. There is at least some economic usefulness …
Derivatives Regulation: Credit Default Swaps Are Targeted In New Bill
July 27th, 2009 |
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WASHINGTON (Reuters) – Congress will consider steps to curb speculation in the $39 trillion credit default swaps market and could prohibit investors from speculating on a borrower’s credit quality, according to a U.S. House of Representatives …
Endeavour Crew Finishing ISS Battery Swaps
July 24th, 2009 |
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Astronauts from the Endeavour space shuttle are almost done replacing International Space Station batteries that store power collected by the ISS’ solar wings. As spacewalkers Chris Cassidy and Tom Marshburn toil on the 7.5-hour spacewalk, Russia launches a cargo ship to ISS.
– Construction on the International Space Station continued July 24 as the
Space Shuttle Endeavour crew engaged in a marathon 7.5-hour spacewalk to swap
out batteries for the ISS’ oldest set of solar arrays. The batteries store
power collected by the solar wings and cost $3.6 million each.
The 1…
Congress Woman Introduces Bill to Ban All Credit Default Swaps
July 17th, 2009 |
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I’m a little late to this story, but last week Congresswoman Maxine Waters introduced a bill to ban all credit default swaps.As Waters said:Preventing all credit-default swaps is essential to bringing stability to the market and preventing a similar cr…
Britney Spears Struggles With Weight During “Circus†World Tour Break
July 14th, 2009 |
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Britney Spears has gained fourteen pounds in the last month. Insiders close to Britney claim the “Womanizer” star has piled on the pounds during a brief break in her world tour and is now under pressure from dad Jamie Spears to lose it.
“She was in tears saying they’re calling her fat again. She showed [...]