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Anorak | The End Of The Financial World

The End Of The Financial World

by | 21st, October 2008

I HAVE written an awful lot on credit default swaps, those miracles of financial engineering, claimed by Alan Greenspan to have almost eliminated risk from the financial markets, but I felt I should mention that tomorrow is the day when the outstanding credit default swaps on Lehman Brothers are due for settlement.

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Posted: 21st, October 2008 | In: Reviews Comment | TrackBack | Permalink