Tag: ABC

Will U.S. Default? $4.8 Billion Investment Says Yes (ABC News)

This whole debt ceiling fiasco has brought CDS back into the main stream news again.  Last time that happened was – well – you remember.  My quote in this story was in response to the reporters request to “explain how credit default swaps work for the average person”.  That aside, it should go without saying […]

As Financial Reformer, Dodd, Again, Dogged by Appearance of Conflict (ABC News)

Now not only is Dodd being picked on for his politics, but for the fact that his wife works at the CME.  I think this is a bit blown out of proportion, but per my comments in the article there is no denying that proposed legislation will help the exchanges looking to clear OTC Derivatives. […]