Chi ci guadagna dal distopico dibattito sul tetto al debito federale degli Stati Uniti https://altreconomia.it/chi-ci-guadagna-dal-distopico-dibattito-sul-tetto-al-debito-federale-degli-stati-uniti/ #debitopubblicostatiuniti #finanzaspeculativa #creditdefaultswap #debitopubblico #StatiUniti #Opinioni #finanza #PIL

Banche, domina l’azzardo. Tre grandi crisi finanziarie in vent’anni hanno insegnato poco https://altreconomia.it/banche-domina-lazzardo-tre-grandi-crisi-finanziarie-in-ventanni-hanno-insegnato-poco/ #speculazionefinanziaria #finanzaspeculativa #rischiofinanziario #creditdefaultswap #creditsuisse #obbligazioni #Opinioni #BCE #Ubs

from #TheBigShort (2015), regarding credit default swaps which were used to bet on the collapsing housing market / mortgage backed securities:

"let me put it this way: I'm standing in front of a burning house, and I'm offering you fire insurance on it."

#CreditDefaultSwap #CreditDefaultSwaps

https://youtu.be/3hG4X5iTK8M?t=200

from #TheBigShort (2015), regarding credit default swaps which were used to bet on the collapsing housing market / mortgage backed securities:

"let me put it this way: I'm standing in front of a burning house, and I'm offering you fire insurance on it."

#CreditDefaultSwap

https://youtu.be/3hG4X5iTK8M?t=200

In 2005 #MichaelBurry discovered that #CreditDefaultSwap,CDSs, a bond market instrument, had been used to shift default risk of subprime mortgages inappropriately
Another questioned product was #MortgageBackedSecurities
-MBS -
Event insurance bizz is different from lending business
Why? Imagine a Co. that insures damages to 3rd parties due to breakage of plumbing installations
If every insured pays and it is also difficult for every insured installation to break at same time,money is earned.

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels

https://news.bitcoin.com/trading-like-a-lehman-moment-credit-suisse-deutsche-bank-suffer-from-distressed-valuations-as-the-banks-credit-default-insurance-nears-2008-levels/

#creditdefaultswap(CDS) #distressedvaluations #2008FinancialCrisis #DeutscheBankissues #Ukraine-Russiawar #WallStreetSilver #2007-2008crisis #CreditSuisseCDS #NYSE:CS