Credit Default Swaps – Too Little Too Late
Posted by Jim Harper
The horse is long out of the barn, but Congress may soon step in to correct this problem with credit default swaps. S. 961, introduced just yesterday in the Senate, would authorize the regulation of credit default swaps and other swap agreements. Really super – now that the market for credit default swaps has collapsed [...]
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Presidential Candidates Who Didn’t Create the Financial Crisis
Posted by Jim Harper
There were a lot of good reactions to yesterday’s post about candidates for federal office with responsibility for at least part of the financial crisis. We listed House members and Senators who either voted for, or didn’t object to, a law freeing up financial services firms to offer these wagers known as “financial derivatives” without [...]
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