Credit Default Swaps: The Next Crisis?
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Subject:
Investing
,
Insurance
,
Stocks
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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
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Publisher:
Time Inc. |
Language:
English
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Source:
http://www.time.com/time/business/article/0,8599,1723152,00.html |
PID=
res:lii-26941
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