Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Credit Default Swaps: Market or Mud Pit? – American Banker

The recent sight of the mighty JPMorgan Chase, wallowing in a credit default swap position from which it cannot exit, raises many questions. One of the key questions is a simple one: is the arena for credit default swap trading a marketplace or a mud pit?

Sadly, the answer is the latter. Without reforms, the CDS mud pit is likely to suffer the same fate as collateralized debt obligation: total irrelevance.

via Credit Default Swaps: Market or Mud Pit? – Bank Think Article – American Banker.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.