Derivatives Debacles Ancient and Modern: A Tale of Two Cities

As the old century rolls into the new, political inertia pushes both Athens and Detroit to source more debt and hedge, for better or for worse, with sophisticated derivatives.


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Lessons from Detroit

You don’t have to live near or work in this city to be affected by Detroit’s finances. Already, other cities intending to issue new general obligation bonds expect their rates to rise.


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Market Practices for Settling Derivatives in Bankruptcy: Part II

Second part of a two part series describing the economic settlement of derivative contracts after a bankruptcy event…  Download Now


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Market Practices for Settling Derivatives in Bankruptcy: Part I

First part of a two part series describing the treatment of derivative contracts during bankruptcy…

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