Credit Default Swaps: Toxic Tools?
http://thekojonnamdishow.org/shows/2010-03-16/credit-default-swaps-toxic-tools
Credit default swaps have made headlines for bringing down banks, insurance companies, and even Greece's economy. These unregulated financial tools played a key role in the 2008 U.S. economic crisis, and they continue to contribute to woes in Europe. But why weren’t they reined in after 2008? And how are regulators rethinking their use? Kojo provides a primer.
Guests
Peter Morici
Professor at the Robert H. Smith School of Business at the University of Maryland at College Park; former Chief Economist, U.S. International Trade Commission
Steven Mufson
Reporter, The Washington Post
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