Wednesday, February 22, 2012

Those Pesky Credit Default Swaps; Greece, Iceland, Gold

The New York Tines must be reading my mail. I have long been harping about the danger Credit Default Swaps, otherwise known as CDS (I have described what these are before so you must know what they are: insurance mostly on sovereign debt, but they have also infected currencies and a variety of financial instruments). Now the Times is reporting that there are renewed concerns...

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