Monday, October 20, 2008

Feds and NYS to investigate CDS

Or Credit Default Swaps for those who speak English.
Federal prosecutors and New York's attorney general said yesterday they had joined forces to investigate the multitrillion-dollar credit default swap (CDS) market, an unregulated area of finance blamed by some for helping to fuel the credit crisis.
Wonder just what they will find.

// posted by montag @ 7:54 PM
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