More Price Fixing on Wall Street?
Posted by Larry Doyle on March 27th, 2013 6:17 AM |
Here we go again.
With the investigation of the greatest financial fraud ever perpetrated on Wall Street — that being the manipulation of Libor — still in the early stages, news emanating from Europe this morning redirects the shadow from that organized activity into the dark and dank world of credit derivatives, aka CDS.
Recall that cornerstone principles of an industry that operates as an oligopoly are: (more…)
Tags: barriers to entry, CDS, collusion in CDS market, credit derivatives, how does an oligopoly work, imperfect information, ISDA, Markit, price fixing on Wall Street, sharing of information, Wall Street oligopoly
Posted in CDS, collusion, Credit Derivative Swaps, General, oligopoly | 2 Comments »