AIG仍有一个巨大的信用违约掉期产品组合。欧洲的银行正是利用这些组合来玩弄资本规则的。
It still has a giant portfolio of credit-default swaps that European Banks use to game capital rules.
尽管他就过度监管的危害向议员们提出了警告,他承认信用违约掉期存在着“严重问题”;在一些尖锐的问题之后,格林斯潘同意应当对这类产品实施监管。
While he cautioned the lawmakers against excessive regulation, he said credit-default swaps "have serious problems" and, after some pointed questions, agreed they should be subject to oversight.
那些新产品(如信用违约掉期)在2005年——2007年肥了其销售者,2008年坑了其投资者。
These new products (credit default swaps are another example) enriched their marketers during 2005-07, only to impoverish the clients who held them in 2008.
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