Credit Default Swaps: The Next Crisis?


Subject:
Investing , Insurance , Stocks

Description:
This March 2008 article discusses the possibility of financial crises involving credit default swaps (CDS), "insurance-like contracts that promise to cover losses on certain securities in the event of a default." Discusses history of CDS and the "potentially even wider ramifications nationwide than the subprime crisis" resulting from a meltdown in the CDS market. From Time magazine.

Creator:
Morrissey, Janet

Publisher:
Time Inc.

Language:
English

Source:
http://www.time.com/time/business/article/0,8599,1723152,00.html


PID= res:lii-26941