November 18, 2009
Investment decisions can hinge on how risk and exposure are defined. Here, the choice determines whether an insider should trade in stock or options.
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April 30, 2009
It is a favorite chorus of the anti-CDS crowd that CDS can make it more difficult for a company to survive, since bidding up CDS prices can affect the firm's cost of borrowing. This is about a hair's width away from the oft-cited argument that "short selling is bad because it drives down stock prices," [...]
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