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Daily Archives: March 7th, 2010

Talkin’ more CDS blues

Gretchen Morgenstern, the Times’ excellent business reporter,exposes another as yet unexploded credit default swap bomb, this time close to home. Seems that many municipalities have issued credit default swaps in connection with municipal bonds. In theory, the swaps allowed the municipalities to pay a slightly lower rate of interest, but that happy outcome, as elsewhere, […]