Category Archives: CDSs

Seeking Relief, Banks Shift Risk to Murkier Corners – NYTimes.com

Seeking Relief, Banks Shift Risk to Murkier Corners – NYTimes.com.

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Reading the Fine Print in Abacus and Other Soured Deals – NYTimes.com

Reading the Fine Print in Abacus and Other Soured Deals – NYTimes.com.

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In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss – NYTimes.com

In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss – NYTimes.com.

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Great Article on Synthetic CDOs – Turning $38m loss into $280m

Download 2010-5-3 Senate's Goldman Probe Shows Toxic Magnification – WSJ.com n one case, a $38 million subprime-mortgage bond created in June 2006 ended up in more than 30 debt pools and ultimately caused roughly $280 million in losses to investors … Continue reading

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Op-Ed Contributor – Meet the Real Villain of the Financial Crisis. – NYTimes.com

TODAY, we will have the pleasure of watching outraged members of the Senate Permanent Subcommittee on Investigations fire questions at a half-dozen executives from Goldman Sachs. The firm first attracted anger for its return to making billions, and paying its … Continue reading

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A Vigorous Defense of CDSs and Goldman

Download 2010-4-28 Holman Jenkins: Is Financial Innovation the Enemy The CDO was not "designed to fail." The securities that failed were the simple, wholesome straightforward mortgages that the CDO "referenced," which were designed to extract a fair return from people … Continue reading

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The Misguided Attack on Derivatives – WSJ.com

Download 2010-4-26 The Misguided Attack on Derivatives – WSJ.com How derivitatives increase market efficiency.  Several excellent points in this article. After years of finger pointing for the housing bubble and credit crisis, from Washington to Wall Street and back, the … Continue reading

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The Busted Homes Behind a Big Bet

Download 2010-4-22 Underlying Goldman Deal, a Different Set of Risk-Takers – WSJ.com The government's civil-fraud allegation against Goldman Sachs Group Inc. centers on a deal the firm crafted so that hedge-fund king John Paulson could bet on a collapse in U.S. housing … Continue reading

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Ties to Abacus Deal Cost Bankers $840 Million – NYTimes.com

That decision set off a chain of events that left the Royal Bank of Scotland Group — to many Britons, a symbol of the excesses that brought the financial world to its knees — as the biggest loser in the … Continue reading

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Op-Ed Contributor – How Wall Street Became a Giant Casino – NYTimes.com

WHILE the Securities and Exchange Commission’s allegations that Goldman Sachs defrauded clients is certainly big news, the case also raises a far broader issue that goes to the heart of how Wall Street has strayed from its intended mission. via … Continue reading

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