Saturday, November 19, 2011

Credit Default Swaps as a Scare Tactic in Greece

AS the debt mess in Europe deepens, bankers are pressing Greece’s bond holders to swallow big losses. 


Leading the charge is BNP Paribas, the big French bank, which has been hired by the Greek government to help persuade investors to accept a deal that would cut the value of their investments in half. 

The New York Times