FIN 401- Project 2 Tear Sheet

FIN 401- Project 2 Tear Sheet - • Commodity Futures...

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Group #4 Tear Sheet Credit Default Swaps History of CDS Created in the mid 1990’s Started off as roughly a $100 billion market By 2000, CDS grew to about $900 billion By 2008, it was estimated that $50 trillion worth of CDS were being exchanged Bucket Shop Created in the 1870’s Gambling rings to be on stocks or commodities Banned by the government in 1907 Compared to a CDS Reason for Rapid Growth of CDS
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Unformatted text preview: • Commodity Futures Modernization Act of 200 • They were not regulated by the government or any financial exchange • Anyone could make a transaction on the outcome of the stocks, bonds, commodities, ect. • It was referred to as “Legalized Gambling” More Expansion • Confusion started because those involved didn’t know who owned what anymore...
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