Tag Archives: CDS
Weapons of Financial Mass Destruction
The people who recognized the high likelihood of defaults were able to profit from that likelihood – First , they could sell the mortgage securities short – a straightforward wager that has long been available. Second , they could buy … Continue reading
Fat Cats Burden US Taxpayers with Trillions of Dollars of Losses in the Marketplace
On Wall Street and in Washington, there is increasing expectation that U.S. taxpayers will either take the bad assets off the hands of financial institutions so they can raise capital, or put taxpayer capital into the companies, as the Treasury … Continue reading
newsbyphotos
