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People aren't sure what to make of the synthetic credit default swaps market. The media has been rife with stories suggesting that the market is creaking and may be the next leg down in the credit... Read more...
As the residential mortgage-backed market fiasco continues to unwind, there has been a lot of fear that the commercial market would come under similar pressure soon. For now, commercial... Read more...
The Financial Times notes that banks have yet to feel the full brunt of the impact from the recent downgrades of bond insurers. There likely will be more writedowns stemming from credit default swaps... Read more...