Robert Baldridge
Part 1:
How can credit default swaps could be treated like insurance without having to conform to equivalent regulations, such as necessitating back-up capital?
Part 2
The entire subprime mortgage industry had placed its confidence in the ratings delivered by Moody’s and S&P’s. Shouldn’t those jobs be the most sought-after and highest-paid? Instead it is the other way around.
Part 3:
The government used the taxpayers’ money to cover the all-encompassing errors Wall Street investment firms because it knew that if they went down, the whole system would go down. But the same people that repaired this broken system are now putting it back together when they were the ones that did not notice that they system failed. What is
Part 1:
How can credit default swaps could be treated like insurance without having to conform to equivalent regulations, such as necessitating back-up capital?
Part 2
The entire subprime mortgage industry had placed its confidence in the ratings delivered by Moody’s and S&P’s. Shouldn’t those jobs be the most sought-after and highest-paid? Instead it is the other way around.
Part 3:
The government used the taxpayers’ money to cover the all-encompassing errors Wall Street investment firms because it knew that if they went down, the whole system would go down. But the same people that repaired this broken system are now putting it back together when they were the ones that did not notice that they system failed. What is