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(1) Describe the consequences that according to the article could stem from a potential meltdown of the CDS market. (2) What was the size of
(1) Describe the consequences that according to the article could stem from a potential meltdown of the CDS market. (2) What was the size of the CDS market as of March 2008? Compare with stock market size (3) What were some of its main participants and what amount of money did they have poured into the CDS market? (4) What were the main underlying securities being insured with CDS contracts during the 1990s? (5) Why are CDS contracts becoming harder for market participants to value, according to the article
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