Therefore, we can pretty safely assume that the CDSs -- the credit default swaps written as insurance on the CDOs -- are being called in for payment. Something like that must be how AIG lost its $14 billion in "credit default swap (CDS) portfolio obligations." And there's simply no ...
The MetLife deal, which will require approval from Taiwan’s financial regulator, will help Chinatrust expand into life insurance, after failing to bid for AIG’s Taiwan life insurance unit earlier this year. Chinatrust Financial is the nation’s third-largest financial service provider and the ow...
"Ben Bernanke is putting into practice his core beliefs, acquired on his grandmother's knee as a child in the 1960s: That the 1930s Great Depression could have been avoided, and a future Great Depression can be avoided, by injecting money into the economy. That seems to imply that he'd...
The MetLife deal, which will require approval from Taiwan’s financial regulator, will help Chinatrust expand into life insurance, after failing to bid for AIG’s Taiwan life insurance unit earlier this year. Chinatrust Financial is the nation’s third-largest financial service provider and the ow...
This web site has turned into far and away the most important and significant achievement of my entire life, and I'm very proud of the fact that I've helped hundreds, perhaps thousands, of people save their families' lives by telling them how to protect their assets. But nothing has af...