Posts Tagged ‘loans’

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    The First Credit Default Swap

    Nov 28, 11 • 132 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic History, Financial Markets, Government, Innovation, International Trade and Finance, Money and Monetary Policy, RegulationNo 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...