Credit default swaps are a financial derivative used to offset the risk of lending money. These financial tools are somewhat infamous in the modern era due to their role in the Great Recession.

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The Obama administration's blueprint for how to prevent another financial crisis takes aim at credit default swaps. They are the derivatives that got AIG into trouble, requiring a $180 billion ...

A credit event is a sudden negative change in a borrower's ability to meet financial obligations, triggering settlements in ...

Credit default swaps (CDSs) provide protection for investors in the event that the borrower defaults on their debt or loan. They can play a pivotal part in financial and investment industries, as they ...

After the failure of Bear Stearns, Lehman Brothers, and A.I.G. had signaled the global financial meltdown, Securities and Exchange Commission chairman Christopher Cox was quoted in the Washington Post ...

Oracle's 5-year credit default swaps are tumbling after the company announced a $50 billion debt and equity financing plan.

As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as ...

Immediately after the administration announced last week that it would be sending legislation to Congress to regulate derivatives, “experts” in the media started repeating the erroneous statements ...

Vultures, rats and maggots are often the focus of disgust, less because of anything for which they can be blamed, and more because of the conditions with which they are associated. Death, disease and ...

When crisis strikes, humans naturally seek a simple explanation. In turn, simple explanations require simple causes. Until recently, sub-prime mortgages were assigned much of the blame for the Panic ...