We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Catastrophically Dopey Sellers

6 November 2008 By George Hay

That s the amount sellers of credit default swaps must fork out after the collapse of the country s three banks. It s about a third of the CDS loss on Lehman. Insuring the unstable sector always looked high risk. But speculating on it was asking for trouble.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)