Credit Default Swaps: The Next Crisis?

As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as investors feared that Bear would not be good for the money it promised on its bonds. Not familiar with credit default swaps

Share

Williams reveal 2010 F1 championship entry

Williams have become the first of the 10 current Formula One teams to confirm their entry for the 2010 world championship. With the deadline for entries closing on Friday, Williams have been forced to act, making it clear their position in no way undermines the unified efforts of the Formula One Teams’ Association in their ongoing debate with governing body FIA with regard to next year’s proposed rule changes

Share