The cost of protecting corporate bonds from default is at a record, as nervous investors purchased credit default swaps to hedge against mounting losses in the US$2 trillion market for CDOs (collateri… more →
Been Around The Blockbeenaroundtheblock wrote 1 year ago: The cost of protecting corporate bonds from default is at a record, as nervous investors purchased c … more →
beenaroundtheblock wrote 1 year ago: The credit crunch, first evident in August 2008 is currently at its most intense, and there is no si … more →
beenaroundtheblock wrote 1 year ago: It started in the 1970s and 1980s, the deregulation of the financial system, with America leading th … more →
beenaroundtheblock wrote 1 year ago: At a time when the Federal Reserve in Washington keeps dropping interest rates, a report in the Wall … more →
beenaroundtheblock wrote 1 year ago: RealtyTrac, which tracks housing foreclosures in America reports that in calendar 2007, foreclosure … more →
beenaroundtheblock wrote 1 year ago: Jerome Kerviel (31), a French junior market trader from the No 2 bank in France, Societe Generale … more →
beenaroundtheblock wrote 1 year ago: My neighbour and I were again at our favourite meeting place across the fence. The neighbour opened … more →
beenaroundtheblock wrote 1 year ago: My neighbour had rung me about having a meeting over the fence. He sounded agitated. ‘What’s up?’ I … more →
beenaroundtheblock wrote 1 year ago: My neighbour and I met at the meeting post across the fence as was our custom. ‘Everybody I meet the … more →
beenaroundtheblock wrote 1 year ago: The neighbour was again leaning over the fence to resume our yarn about the debt crisis. ‘Have the b … more →
beenaroundtheblock wrote 1 year ago: My neighbour and I were again talking over the fence. ‘When do you think this financial crisis will … more →
beenaroundtheblock wrote 1 year ago: I had made a quick trip to the international conference of debt kings, and with the holidays, I coul … more →
beenaroundtheblock wrote 1 year ago: I was again with my neighbour talking over the back fence. ‘I had morning coffee with my banker frie … more →