According to this site, the much and unfairly maligned Credit Default Swaps are now ranking IBM, Pepsi, and McDonald's less likely to default than the U.S. government.
comments powered by Disqus
Robert Higgs - 3/4/2009
Well, Jeff, in light of how the credit default swaps are pricing the risk of Treasury default, I presume that strict government regulation of these instruments must be right around the corner. Can't have these financial-market saboteurs wrecking all the wonderful things the government is trying to do, now can we?
- So Cliven Bundy never said blacks might have been better off under slavery?
- Mussolini's birthplace in Italy to get a fascist museum
- Historical sex objects to feature in British classrooms
- All Russian World War I Documents Available Online
- Jihadists gone, masons are working to restore the mausoleums of Timbuktu
- Cultural historian who helped end censorship of "Lady Chatterley's Lover," dies
- Thomas Slaughter interviewed about his new book on the American Revolution
- Historian Michael Ignatieff writes a memoir explaining why he failed in politics
- Olivia Remie Constable, director of the Medieval Institute at Notre Dame since 2009, passes away
- Arizona Historical Society soon could be history