Ban Credit Default Swaps? These Corporate Bankruptcies Show We Should
Apr 23rd, 2009 | By Martin Hutchinson | Category: FeaturedFor frustrated investors looking to justify the ban of credit default swaps (CDS), look no further than last week’s corporate bankruptcies of Canadian newsprint producer AbitibiBowater Inc. (ABWTQ) and U.S. shopping center developer General Growth Properties Inc. (GGP).