Credit Swaps Are Back En Vogue As Market Confidence ReturnsWhy the hell did the government bail these fuckers out? They should have been grounded, sent to bed without any supper, and had their allowance taken away for a month. Spanking would not have been appropriate since 63% of those involved already pay top dollar for such services from trained professionals.
Credit-default swaps -- the financial instrument that helped bring down AIG and played a key role in causing the biggest financial crisis since the 1930s -- are, a year after the fall of Lehman Brothers, back en vogue on Wall Street, Bloomberg reports. Instead of being viewed as tools of financial disaster, CDSs are said to be contributing to the credit market's renewed confidence.
Spoiled little rich kids back at the same old bullshit/bearshit.
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