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 Vedanth rated 6 months ago- Not a bailout
How shall we describe what happened this weekend with Bear Stearns? The first big casualty of the credit crisis, yes. Bailout, no.
Bear Stearns was an investment bank that made trades and created markets for a broad range of securities, including extensive use of derivative contr...
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1 Reviews
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- Vedanth rated 6 months ago
- Not a bailout
How shall we describe what happened this weekend with Bear Stearns? The first big casualty of the credit crisis, yes. Bailout, no.
Bear Stearns was an investment bank that made trades and created markets for a broad range of securities, including extensive use of derivative contracts such as credit default swaps. In a credit default swap, the seller agrees for a fee to absorb the losses if a certain asset specified by the buyer goes into default. As an up
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