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April 4, 2008
Credit Default Swaps -- and other issues relating to the Subprime Mortgage Collapse Explained
Yesterday, NPR interviewed Law Professor Michael Greenberger, who provided an explanation of the complex derivatives, such as credit default swaps, which are not transparent and, as a result, create a "shadow" economic impact which we still can't fully evaluate.
Link: http://www.npr.org/templates/story/story.php?storyId=89338743
(ag) April 4, 2008, in Economy
April 4, 2008 in Economy | Permalink
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Comments
AIG lost US$11 billion in Credit Default Swaps.
Posted by: thelandbanker | Apr 9, 2008 9:17:50 AM
