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Tag Archives: CDS
AIG and Faux Transparency
AIG disclosed some of the firms that benefited from the government bailout. Essentially, the government money was largely used to pay off other firms. I have a few comments. 1. AIG’s customers were either using AIG for hedging positions or … Continue reading
That Sinking Feeling
AIG is back to the trough for another $30 billion. We already gave them $150 billion. AIG — supposedly a firm in the insurance business — got into trouble taking an astounding $450B unhedged bet in the Credit Default Swap … Continue reading
Brother, Can You Spare a Trillion?
The (in)famous Credit Default Swap (CDS) market provides the market’s best guess that an issuer will default on its debt. A low spread is good. A high spread is bad. Check this out. Campbell Soups’ (no relation!) CDS is less … Continue reading
Posted in Finance
Tagged Campbell Harvey, Campbell Soups, CDS, Federal Reserve, Financial Crisis '08, Mortgage Equity Withdrawals, TARP, Treasury
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