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Palestinians said Monday that negotiators were close to exchanging an Israeli soldier held by Gaza militants for 1,000 Palestinian prisoners. Israel has carried out such swaps in the past:
When Jenny Iverson and her husband left Utah last year, they didn't just lose a tight-knit community of relatives. They lost their network of free baby sitters.
The sudden flurry of airlines swapping takeoff and landing slots at Washington and New York area airports continued Wednesday with Delta and US Airways striking a deal similar to one between AirTran and Continental disclosed the day before.
The turtleneck from designer Marc Jacobs costs hundreds of dollars at Neiman Marcus or Saks Fifth Avenue. But at one Brooklyn bar, the charcoal-gray sweater was free for the taking — along with jeans, belts and shoes.
Richard Childress Racing will swap the crews for slumping drivers Kevin Harvick and Casey Mears following this weekend's race at Talladega Superspeedway.
If President Barack Obama wants to find a scapegoat for the mess at American International Group, he needs only to look east from the White House to the halls of Congress.
European Union regulators warned Tuesday that they may have to regulate credit default swaps after the financial industry failed to agree on forming a central agency to handle the derivatives, which are partly blamed for the world financial crisis.
With momentum building toward new clearinghouses for complex investments partly blamed for the financial crisis, executives of competing exchanges on Monday touted their plans to operate the new entities.
The chairman of the Senate Agriculture Committee proposed Thursday giving the Commodities Future Trading Commission authority to regulate market credit default swaps, which have played a key role in the Wall Street's recent financial meltdown.
One festering problem that led to the financial meltdown hasn't been addressed yet: credit default swaps.
Federal prosecutors and New York's attorney general said Monday they had taken the unusual step of joining forces to probe the multitrillion-dollar credit-default swap market, an unregulated area of finance blamed for helping to fuel the credit crisis.
Debt insurers, say hello to government regulation. Say farewell to voluntary compliance and disclosure.
If the men in 1998, would have listened and not discounted her as a mixed up Woman, Brooksley Born may have spared us the 2008 recession or at least limited its depths.
Market regulators urge tougher enforcement - Derivatives is a $450 TRILLIONJ Dollar Hiigh Risk Market.There is a $450 Trillion dollar Derivatives market in Credit default Swaps. Talk about a failure crashuing the U.S. economy. Ban this product before it crashes the US economy for 20-30 years. It should not be regulated-it should be banned.
MBIA sues Merrill Lynch over credit default swapsMore lawyers? C'mon. Be gentlemen & ladies and focus on cleaning up the mess. Courts are clogged with senseless drivel already. Let Judge Judy decide this one.
In looking for a reason for our current economic issues it appears that most people think the problem is just a few years old. They find a point that backs their cause and stop looking.
CME Group, Citadel Said to Lack Credit-Default Swap Customers - Bloomberg.comUnbelievable.
Brooksley Born Is `Vindicated' as Private-Swap Rules Take Form The acting chairman of the Commodity Futures Trading Commission is among U.S.
Will We Take Our Economy Back?The roller coaster this week has left some ordinary citizens outraged. Many are confused. Some are frightened. Most are disillusioned that their government officials allowed the financial industry to reel this far out of control.
Is this the death knell for derivatives? Derivatives in their baffling modern forms – collateralised debt obligations, credit default swaps and so on – lie at the heart of the failure of Lehman, Bear Stearns, Fannie and Freddie, and even our own Northern Rock.
Asia Times Online :: Asian news and current affairsThe idea for the banks is to make a profit on each trade and avoid taking on the swap's risk. As one CDO dealer puts it, "Dealers are just like bookies. Bookies don't want to bet on games. Bookies just want to balance their books. That's why they're called bookies."
Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults Bloomberg reports: It's Friday, March 14, and hedge fund adviser Tim Backshall is trying to stave off panic. Backshall sits in the Walnut Creek, California, office of his firm, Credit Derivatives Research LLC, at a U-shaped desk dominated by five computer monitors.
Corporate Bond Risk Soars to Record on CDO Loss Speculation The cost of protecting corporate bonds from default soared to a record as investors purchased credit-default swaps to hedge against mounting losses in the $2 trillion market for collateralized debt obligations.
Olmert vows not to repeat errors of prisoner swapsPrime Minister Ehud Olmert, telling bereaved families of terror victims Monday that their feelings would be taken into account in seeking the release of captured soldiers, pledged not to repeat "mistakes made in the past," when terrorists freed in exchange deals again engaged …
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