May 11, 2012 at 11:00 AM EDT
Credit Default Swaps: Still Here, Still Able to Wreak Havoc
DailyFinance.com : JPMorgan Chase (JPM), the country's biggest bank, is reporting a $2 billion trading loss that occurred in the space of just six weeks. The loss reportedly involved the investments in "credit default swaps" -- yes, those same complicated investments ... Read more
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