All posts tagged "credit default swap"

  • George Soros Says Credit Default Swaps are Truly Toxic and Should be Outlawed

    Dealbook reports that George Soros has called the CDS an instrument of destruction which should be banned. The CDS was instrumental in creating the financial crisis leading to the collapse of AIG, and contributing to the downfall...

    • Posted June 14, 2009
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  • Marc Faber Believes $700 Billion is Not Enough

    Marc Faber does not think a $700 billion bailout (rescue according to Bush) will be sufficient to prevent the economy from imploding. Faber believes that $5 trillion will be required because of the over-leveraged economy. He cites...

    • Posted September 27, 2008
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