krugman.blogs.nytimes.com - 3/11/2009
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Marketwatch reports:
The cost of buying protection against the risk that the United States will default on its mounting debt has surged in the past months, outpacing the rise in corporate-credit costs, now that the government has absorbed more private-sector debt.
The spreads on credit-default ...
mmod.ncaa.com - 3/17/2009
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mmod.ncaa.com —
Update your Facebook status live while you're watching
games in the NCAA March Madness on Demand video...
player! You can launch the Facebook Status window from within the player by clicking on the "Facebook Status" link. Make sure your friends know ...
(more)
NCAA March Madness on Demand - NCAA.com
aleablog.com - 3/16/2009
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aleablog.com —
U.S. CDS and Paul Krugman : …. the
people buying these contracts are crazy. A world in...
which the US government defaults would be a world in chaos; how likely is it that these contracts would be honored? No, they are not crazy, the ...
(more)
Credit Protection Madness?
freemoneyfinance.com - 3/11/2009
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freemoneyfinance.com —
We're now into round two of Free Money
Finance March Madness (if you wonder what's going on...
in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to read all the posts involved in this ...
(more)
Free Money Finance March Madness, Round 2, Posts 25-28
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FT Alphaville —
Elsewhere on Wednesday: - What Cuomo is really looking at - Credit-protection madness - Debunking the Citi memo - Citigroup questions - Grantham: shift to stocks before ‘rigor mortis’ sets in - The inner circle of systemic risk - Did Pandit really mean it? - As a concept, you have to love auction rate securities - Not any more - Meredith Whitney on the next crunch - To blame - or not to blame - the quants - Oil contango: Fun while it lasted? - Latency arbitrage - ...
Credit Protection Madness?
Alea —
U.S. CDS and Paul Krugman :
….the people buying these contracts are crazy. A world in which the US government defaults would be a world in chaos; how likely is it that these contracts would be honored?
No, they are not crazy, the contracts will be honoured: 100%, guaranteed, for a simple reason, most sovereign CDS are packaged in fully funded credit derivatives first-to-default credit linked notes, therefore the protection buyer gets the cash upfront and is not exposed to the ...
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