Huffington Post contributing writer Robert Kuttner makes a compelling argument for the abolish en of Credit Default Swaps (CDFs). After all they did almost destroy and the global financial system and forced the U.S. Government to bail out several banks and insurance companies. The full article may be found here.
These unregulated derivative securities were also responsible for losses in the portfolios of thousands of individual investors who purchased them without full knowledge of the risks or even how they functioned. If you have lost money in a bond fund, money market or structured product, please contact our attorneys for a free case evaluation. Thank you.