Everything You Wanted to Know about Credit Default Swaps — but Were Never Told

@inproceedings{Wallison2008EverythingYW,
  title={Everything You Wanted to Know about Credit Default Swaps — but Were Never Told},
  author={Peter J. Wallison},
  year={2008}
}
  • Peter J. Wallison
  • Published 2008
financial crisis that it is difficult to keep them all straight or to assess their relative culpability. Greedy investment banks, incompetent rating agencies, predatory lenders and mortgage brokers— even the entire system of asset securitization—have all been blamed for the current condition of the financial markets. The oddest target, however, is CDSs. Almost every media report and commentary about the collapse of Lehman Brothers in September and the ensuing freeze in the credit markets… CONTINUE READING

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Insurance Deals Spread Pain of U.S. Defaults World-Wide,

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The False Belief at the Heart of the Financial Turmoil,

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How to Improve the Credit Rating Agency Sector” (testimony, Committee on Banking, Housing, and Urban Affairs, U.S

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  • Senate, March
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