Matt Taibbi — like many other cynical financial market observers — has learned to regard every pronouncement from Goldman Sachs with suspicion. Recent experience has demonstrated that “tame” and “harmless” are attributes that rarely operate within the Goldman Sachs business model.
February 6th, 2012 | Eric J. Fry | 0 comments | ContinuedAll Posts Tagged With: "mortgage backed securities"
Credit Default Swap: Buying Insurance Against Default in Your Bonds
While Australians march down the path of a national house price obsession/mania, the world’s bond traders are firing warning shots. Bloomberg reports that, “Credit default swap (CDS) protection buying against sovereign debt default has spiked to five times the level of similar protection bought for corporate bonds, as the potential for a wave of sovereign debt defaults intensifies.”
January 28th, 2010 | Dan Denning | 6 comments | Continued
Mortgage Backed Securities Put Our Financial System at Risk
Many investors assumed these securities were trustworthy, and asked few questions about their actual value. Two of the leading purchasers of mortgage backed securities were Fannie Mae and Freddie Mac…
September 29th, 2008 | Bill Bonner | 1 comment | Continued
