swaps and the like that's how uh John Paulson the hedge fund manager made $5
She created credit default swaps , really.
credit default swaps and so forth.
credit default swaps was cooked up by an economist and we know that some of these models they use for calculus they only fed data in from the
be land swaps to to make up for that.
buying credit default swaps against VAR of people that you companies that you
Because the reason credit default swaps had come into existence was to exploit the fact that the complicated ways in which we regulate insurance
So I talked about credit default swaps , I talked about a complicated securities.
the Dollar on credit default swaps they had bought from AIG for no apparent
do you do with derivatives and credit default swaps ?
that nobody knows what they are like credit default swaps this is a $40
making 10 million a year selling credit to fa swaps if we're going to keep five
So that guy making ten million a year selling credit default swaps , if we’re going to keep five million of it in escrow for ten years, and with the right to go back and get
you are way overextended you must stop selling credit to FAL swaps you must greatly increase the capital you have to hold against
so what is the role that credit default swaps can play in economy well my
paid for so I would like to see credit default swaps become an Ever more important way of understanding credit risk in uh in the
And there ends up being a magical realism where she just body swaps with them.
what they call CDO, credit default swaps , all this kind of virtual finance and the Russians had already experienced something quirkily similar to that in the
product they do all kinds of insurance but they don't call Credit default swaps Insurance hedge funds we don't know what
again great idea but when you the biggest writer of credit default swaps was aig and now whether you want to call this
better measure in my opinion than rating agencies provide I think the credit default swaps can take the place of rating agencies who really have missed
treasury bills might be in the same category and we have derivatives like credit default swaps which are in this category and we have derivatives like
It was the Financial Products Division at AIG that had expanded a portfolio of credit default swaps that turned out to be toxic.
That was after the Central Bank of Iceland had tried to get credit or foreign-exchange swaps with central banks in Europe,
They were still thinking stocks and bonds, whereas Wall Street was thinking martian credit default swaps .
He was worried that Lehman Brothers, because of the system of credit default swaps that tied everybody together, and not just that but also the way that the overnight banking
but not dealing with some of the core problems, like the problems of credit default swaps .
just sort of said in the article well he made a lot of money betting against credit I'm sure betting against default swaps and various other um you know
made sense but it pushed him to say we won't and cannot regulate credit default swaps right these are just
that they were well that's one greenspan was there was a movement in the 90s to regulate credit default swaps and
options, futures, credit default swaps , the whole range, lower rates on those instruments, but the whole range of of financial assets.
they go bankrupt credit default swap gives you something to do you can buy some credit default swaps from them to protect yourself against the bankruptcy
And that was important to the development-- to the explosive development, in fact-- of this market in credit default swaps over the next decade
In a funny way, Mr. Potts was right when he said these things-- these credit default swaps we were looking at were neither gambling nor insurance.
Because suddenly, terms would just sort of pop out of the back end of Wall Street like CDOs, credit default swaps , collateralized debt obligations, securitization.
The answer, of course, being that "Advances in macroeconomics produce complexities in the macroeconomy" -- think like credit-default swaps -- that offset the theoretical advances.
So, that problem, having to do with the credit default swaps , nothing effective has been done.
There is still the problem of the credit default swaps ; there's still problems of excessive leverage.
i think we are people if they have been wanting to write it off are sort of too quick to do it with credit default swaps um