BAN CREDIT DEFAULT SWAPS
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Bill Introduced To Ban Credit Default Swaps
Published on:
Thursday, July 16, 2009
Written by:
Martin Hutchinson
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Back in 2003, Warren Buffett warned that derivatives were "financial weapons of mass destruction," but it wasn't until last year when the world realized the catastrophic damage derivatives can cause. Should the government take action to eliminate dangerous derivatives like credit default swaps entirely? Money Morning's Martin Hutchinson explains why this must be done to prevent future financial devastation.
http://www.nuwireinvestor.com/articles/credit-default-swaps-53308.aspx
Published on:
Thursday, July 16, 2009
Written by:
Martin Hutchinson
Click a star to rate.
Share
RSS
Comments
Back in 2003, Warren Buffett warned that derivatives were "financial weapons of mass destruction," but it wasn't until last year when the world realized the catastrophic damage derivatives can cause. Should the government take action to eliminate dangerous derivatives like credit default swaps entirely? Money Morning's Martin Hutchinson explains why this must be done to prevent future financial devastation.
http://www.nuwireinvestor.com/articles/credit-default-swaps-53308.aspx
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- tags:
- CDs, Credit Default Swaps
