Category: Credit default swap

Rien ne va plus: Part 4, Use the product again

9 April, 2015 (09:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith see?  It all worked out Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal […]

Rien ne va plus: Part 3, Not the protection you need

8 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 2 established that when a […]

Rien ne va plus: Part 2, Boycott the new standard

7 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 1, whose subject was Credit Default Swaps and whose theme […]

Rien ne va plus: Part 1, One key glitch

6 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

By: David A. Smith Why do we drive on the right, whereas the British drive on the left?  Though theories abound, of more importance is the value of a convention, any convention, that is so widely adopted it becomes second nature.  Until, that is, an extreme situation arises, when the convention cracks apart, as happened […]

Government animals are more equal than others: Part 2, property rights are human rights

24 January, 2012 (11:25) | Capital markets, Credit default swap, Default, Eurozone, Global news, Greece, IMF, Restructuring, Sovereign bankruptcy |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday we saw that Greece’s puppet masters appear to be compel private bondholders to take a severe loss but to exempt the European Central Bank from that selfsame loss, on the theory (though that’s not how the New York Times put it) of protecting one’s […]