Bloomberg on How a European AIG Would Hit the U.S.
Columbia Journalism Review (blog)
Yalman Onaran reports that the too-big-to-fail US banks are ratcheting up their exposure to a collapse of the PIIGS by selling credit-default swaps to investors trying to insure against a default. Such insurance (most of which is CDS issued by the top ...
"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore