Real Regulation for Credit Default Swaps is Necessary

The SEC suit against Goldman Sachs makes it clear that credit default swaps made the Great Crash worse than it should have been.

Now it's time to impose serious regulation on these time bombs, regardless of what it does to JPMorgan Chase's ability to coin money.

Source:
http://firedoglake.com/2010/04/19/real-regulation-for-credit-default-swaps-is-necessary/

Financial Gamble How AIG Fell for a Sure Thing

Max Barry discusses risks and consequences and explains how the risk model of AIG recommended the company invest $400 billion of credit default swaps which forced the company into bankruptcy, caused financial devastation and forced a government bailout.

Source:
http://fora.tv/2009/07/15/Max_Barry_on_Risk#Financial_Gamble_The_Dangers_of_a_Sure_Thing