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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