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nakedcapitalism.com - 29 days ago
The Fantasy of the Clearing House Magic Bullet
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As Gillian Tett points out in the Financial Times today, clearing derivatives centrally has come to be viewed in policy circles as a magical solution. As a result, it has not gotten the scrutiny it deserves. The reason for the enthusiasm is that, in theory, a clearinghouse would make sure all ...
nakedcapitalism.com - 27 days ago
Einhorn: First, Let’s Kill All the Credit Default Swaps
— nakedcapitalism.com — David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious... accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an ... (more) Einhorn: First, Let’s Kill All the Credit Default Swaps

Comments vote down Paul Kedrosky's Infectious Greed found this 27 days agofound this
informationarbitrage.com - 27 days ago
Deal With It, Mr. Einhorn
— informationarbitrage.com — David Einhorn is without question an exceptionally bright man and a very astute investor. However, the latest... message being delivered from his bully pulpit, proposing a ban on credit default swaps (CDS), is misguided at best and dangerous at worst. ... (more) Deal With It, Mr. Einhorn

Comments vote down Paul Kedrosky's Infectious Greed found this 27 days agofound this
fridayinvegas.blogspot.com - 27 days ago
Abstract Thoughts on CDS and the Fallacy of Insuring Your Neighbor's House
— fridayinvegas.blogspot.com — warning: this post will require you to be able to intelligently ponder philosophical concepts and theories, and... perhaps try to forget some assumptions you may already have.   I failed in my attempt to explain the concepts below in a comment ... (more) Abstract Thoughts on CDS and the Fallacy of Insuring ...

Comments vote down Abnormal Returns found this 27 days agofound this

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Abnormal Returns:  Friday links: the risk trade

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Friday links: the risk trade
Abnormal Returns — ... Are central clearinghouses for CDS and other derivatives truly a ‘magic bullet’?  (naked capitalism) ...

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