2 years, 11 months ago
The banks are upset at Amherst holding for boosting the price of the bonds and avoid CDS payout. What is bond pricing boosting?
The banks are upset a Amherst holding for allegedly boosting the price of the bonds and avoid CDS payout.
Banks paid Amherst a premium for their CDS coverage for bonds. The banks says the CDS was render worthless and the banks ripped off from a payout.
What do you think about the charge?
Banks paid Amherst a premium for their CDS coverage for bonds. The banks says the CDS was render worthless and the banks ripped off from a payout.
What do you think about the charge?
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M$1 Answer
What specifically happened is that they worked closely with borrowers to ensure the loans that backed a key benchmark bond performed better than expected.
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M$
Do you think the bond rating system needs to be more transparent, the companies composing the security more measurable, and information about the bond performance more public?