credit default swaps

JPMorgan's 'London Whale' Losses May Hit $9 Billion

JPMorgan Chase & Co is under renewed scrutiny in the wake of a The New York Times report that losses from a bungled credit-derivatives trade could be as much as $9 billion, much more than earlier estimated.

Credit Default Swaps: Still Here, Still Able to Wreak Havoc

JPMorgan Chase's rapid $2 billion trading loss reportedly involved credit default swaps -- the same investments that played such a large role in the financial crisis. Here's why credit default swaps still pose such a threat to the U.S. economy.

Greek Default Sets Record: No Problem, Says Bernanke!

On Friday, Greece reached a deal to "restructure" its national debt downward by about $133 billion. That's the biggest sovereign restructuring in world history. But don't worry. According to Fed Chairman Ben Bernanke, it's no big deal for the U.S.

Greece: A Lesson in Overblown Market 'Crises'

To hear the pundits tell it, Greece's debt woes and accompanying civil disturbances signaled the end of the euro, or worse. Yet, the country's rebound gets little attention. This pattern gets repeated over and over, much to investors' detriment.

Europe's Debt Crisis: Here We Go Again?

Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But with global recovery faltering, the data coming out of Europe suggests we may soon see a replay of the debt default crisis.

AIG's Bailout
Was Needlessly Expensive

When the government bailed out AIG, it paid 100 cents on the dollar amount demanded by the banks: $67 billion. Former AIG executive Joseph Cassano says he has no idea why the government paid full price, asserting that he could have "negotiated an appreciably better deal" for taxpayers.

What's Inside the Financial Reform Bill

Senate and House negotiators reached agreement early Friday morning on the most sweeping overhaul of financial regulation since the Great Depression. It includes a version of the Volcker rule, creates a consumer financial protection watchdog, and limits derivatives trading.

AIG May Sue Goldman for $2 Billion in CDO Fraud Case

According to The Financial Times, AIG is hoping to piggyback on the SEC's fraud case against Goldman Sachs to recover $2 billion that it paid the investment bank. But what's missing from the article is any evidence that AIG has a case against Goldman.

SEC returns to its enforcement role

Trying to rebuild its reputation as the top securities cop, the SEC is pushing vigorously into areas it avoided under former chief Christopher Cox....

AIG is one big taxpayer IOU

In the years ahead, whenever economic conservatives and market absolutists point out the wonders of the market, just mention a popular four-letter...