Fri 2008-08-08 00:00 EDT
CDSs Topic in The Credit Debacle Catalog
Fri 2007-11-30 00:00 EST
Sudden Debt: CDS: Phantom Menace
CDS notional amounts increased from 26 to 46 trillion in last year; "far more CDSs are written relative to the amounts outstanding in individual bonds and thus credit events will infect and destroy much more speculative capital"; "generate highly volatile equity exposure with minimal or even zero margin requirements"