legal

Derivatives: Collateral Posting Not Retroactive

Highway Robbery The folks at Pragmatic Capitalism (PragCap) posted a blog today by Walter Kurtz titled “Time to Stop Fearing the Greek CDS Bogeyman.”  The article essentially presents an argument that the market shouldn’t be overly concerned about a potential significant payout by writers – banks, insurance companies – of credit default swaps (CDS) on …

Derivatives: Collateral Posting Not Retroactive Read More »