| 17.08.2005 Other Voices: Questions remain about the `near-systemic meltdown` (in OTC markets) of May events |
| By Randall Dodd, director of the Financial Policy Forum's Derivatives Study Center in Washington, D.C.: Rumors started circulating two months ago concerning the possible failure of several large hedge funds and massive losses by at least one major global bank. The source of the troubles was a free-fall in prices in the credit derivatives market that was triggered by the downgrading of GM and |
| Article source: http://www.financialpolicy.org/fpfspb26.htm - Opalesque is not responsible for the content of external internet sites |