Free Republic

Lesson 1 can be found here: Lesson 1 Welcome to Lesson 2 of ‘The Basics of Credit Derivatives’. For this lesson I will be referencing the following article: The Ballooning Credit Derivatives Market: Easing Risk or Making It Worse? , which was published in November 2005 by the Wharton School at the University of Pennsylvania. My comments will be in Red. Let’s get started: The Ballooning Credit Derivatives Market: Easing Risk or Making It Worse? (continued) Published: November 02, 2005 in Knowledge@Wharton Credit Default Swaps Credit derivatives are contracts that go up or down to track the fortunes of underlying...

Welcome to Lesson 1 of ‘The Basics of Credit Derivatives’. For this lesson I will be referencing the following article: The Ballooning Credit Derivatives Market: Easing Risk or Making It Worse?, which was published in November 2005 by the Wharton School at the University of Pennsylvania. My comments will be in Red. Let’s get started: The Ballooning Credit Derivatives Market: Easing Risk or Making It Worse? Published: November 02, 2005 in Knowledge@Wharton When Delphi filed for bankruptcy October 8, investors had to start assessing their losses on more than $2 billion in the auto parts maker's bonds, which have recently...