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Is the risk stemming from credit default swaps (CDSs) passing? Business Week weighs in with an article noting data from the International Swaps & Derivatives Assn. that says $25 trillion in... Read more...
Invesco is working to allay fears by Invesco bond holders, who have pushed the firm's CDS spreads higher, from about 300 to about 600 basis points.... Read more...
In a collaboration that the New York Times calls unusual, New York state and federal prosecutors are joining forces to investigate possible manipulation in the market for credit default swaps. The... Read more...
The Lehman Brothers news, the AIG fiasco and the Merrill Lynch deal offer up quite a cocktail for the markets to digest. It's fair to say that there's a lot of acid in stomachs out there, still.... Read more...
The spotlight shifted a bit from Fannie Mae and Freddie Mac right back to Lehman Brothers, leaving little room for others. But the New York Times managed to squeeze in Washington Mutual, whose stock... Read more...
Is anyone really afraid of another Bear Stearns? I don't think we'll get another rumor-driven failure. The Fed's new facilities make that... Read more...
A lot has been made of the mini-rally in bank stocks not so long ago. It's looking more and more like a dead-cat bounce rather than anything meaningful. For another look at how market participants... Read more...
Lehman Brothers' stock took another massive beating from investors this week, as its CDS spreads have soared. Some people might have felt that the shorts, after some... Read more...
At some point, an institution becomes so shaky that it actually becomes a form of leverage with regulators. MBIA is a great case in point. The New York Times notes that in early May, MBIA promised to... Read more...
The sheer size of the market for credit default swaps makes people nervous. But what is the nightmare scenario? What would bring the market to its knees? You... Read more...