CDS

CDS

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. Today?s reverse crash resulted in the Dow up $889.35 to close at $9,065.12. From peak to recent trough, the Dow has moved from its all-time high of $14,164 on October 9, 2007 to a low of $8,176 [...]

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What if Insurance Companies Don?t Pay?

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. Let?s hope your policy is with an insurance company that has ruinous trading losses and heavy exposure to derivatives. That?s what it took for AIG to be rewarded with a direct government bailout. In something of a [...]

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