Daily Archives: October 27, 2011

Credit Default Swaps and “Credit Events”

In my old job where we acted as sellers of protection in credit default swaps (more often than as buyers, anyway), we used to fight like hell to ensure that any restructuring of bank loans was not considered a “credit event” … Continue reading

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“First, Get a Trillion Euros…”

The market is soaring today on the Greek bailout plan, or should we say the European bailout plan because, lest we forget, there are several more countries that still need a bailout. The plan is amusing to me, though I should … Continue reading

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