Posts Tagged ‘Exxon Valdez’

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    The First Credit Default Swap

    Nov 28, 11 • 367 Views • No Comments

    Some of the euro zone’s problems actually started with the Exxon Valdez oil spill. After the 1989 Exxon Valdez calamity, when an Alaska jury said that Exxon owed $5 billion in damages, they asked J.P. Morgan for a $4.8 billion line of credit. Concerned...  [read more]