print email comment close Credit Default Swaps: The Next Crisis? URL: http://www.time.com/time/business/article/0,8599,1723152,00.html Description: This March 2008 article discusses the possibility of financial crises involving credit default swaps (CDS), "insurance-like contracts that promise to cover losses on certain securities in the event of a default." Discusses history of CDS and the "potentially even wider ramifications nationwide than the subprime crisis" resulting from a meltdown in the CDS market. From Time magazine. Author: Morrissey, Janet Publisher: Time Inc. Extra Keywords collateralized debt obligations LII Database Information: Record 26941 created by Jennifer English on 09/22/2008 Last modification on 09/22/2008 Published: 09/24/2008   Funding agency: California State Library LII Item ID: http://lii.org/cs/lii/view/item/26941