Regulation of Credit Default Swap (CDS) is probably the most contentious topic in terms of the global financial reform in the post-crash economy. Some people believed CDS is the main cause of the Global Financial Crisis, and conceived it as simply a form of speculation or, to put more explicitly, a gamble. I am not going to argue for any side but just would like to express some thoughts on the recent regulatory reforms on CDS.
Thursday, May 5, 2011
Sunday, May 1, 2011
Post counterterrorism world politics
Today, President Obama announced and confirmed the leader of Al Qaeda, Osama bin Laden, was dead. The "War on Terror" initiated by the United States has achieved major victory. Obama would not give up this great opportunity to increase his popularity. He specifically said that the operation was under his instruction.
I was at school gym. I watched Obama's speech on TV, thinking about the impact of bin Laden's death. Several college boys walk by, applauded, and shouted out loud. I did not laugh. I was pondering, like ten years ago, about how world will change afterward.
I was at school gym. I watched Obama's speech on TV, thinking about the impact of bin Laden's death. Several college boys walk by, applauded, and shouted out loud. I did not laugh. I was pondering, like ten years ago, about how world will change afterward.
Subscribe to:
Posts (Atom)