Articles on credit crunch

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Caesars Entertainment argues the credit default swap market is giving at least one holder of its debt a perverse incentive to seek its default. Shutterstock

Bogeyman of credit crisis needs reform to align risks and responsibilities in CDS market

In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders…
Brown was undoubtedly a big beast, but could have been so much more. 10 Downing Street

Gordon Brown: political giant and wasted talent at the same time

Gordon Brown will retire from the Commons viewed on the one hand as a giant of Scottish Labour who spent 13 years at the pinnacle of frontline UK politics as chancellor and prime minister: the son of the…

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