{"id":196541,"date":"2008-04-15T23:00:00","date_gmt":"2008-04-16T04:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/04\/15\/credit-default-swaps-another-primer\/"},"modified":"2008-04-15T23:00:00","modified_gmt":"2008-04-16T04:00:00","slug":"credit-default-swaps-another-primer","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/04\/15\/credit-default-swaps-another-primer\/","title":{"rendered":"Credit Default Swaps: Another Primer"},"content":{"rendered":"<p>In 2002, Greenspan discussing the CDS said that, &#8220;The use of a growing array of derivatives and the related application of more sophisticated methods for measuring and managing risk are key factors underpinning the enhanced resilience of our largest financial intermediaries.<\/p>\n<p>Now we have $45 <span style=\"font-weight:bold;\">TRILLION<\/span> of potential exposure out there.<\/p>\n<p>Bloomberg has a pretty good primer <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=aMX2xgJrrGB8&amp;refer=home\">here<\/a>, and it&#8217;s fairly entertaining, which goes along with the fact that &#8220;Frankenstein&#8217;s Monster&#8221; is in the title.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2002, Greenspan discussing the CDS said that, &#8220;The use of a growing array of derivatives and the related application of more sophisticated methods for measuring and managing risk are key factors underpinning the enhanced resilience of our largest financial intermediaries. Now we have $45 TRILLION of potential exposure out there. Bloomberg has a pretty &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985,982],"tags":[],"class_list":["post-196541","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196541"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196541"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196541\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}