Page 4 - Credit Default News Today

The Government of India, together with the Reserve Bank of India (RBI), had done a commendable job in alleviating the pain of the borrower community during and after the nationwide lockdown imposed to counter the COVID-19 pandemic. Thanks to their timely actions, a nascent recovery was visible in a few sectors during the last two quarters of FY21. Indeed, international prognostications for Indias recovery for FY22 turned overwhelmingly positive in the last quarter of FY21. However, with the em...

The Reserve Bank of India (RBI) on Tuesday said all over-the-counter credit default swaps (OTC-CDS) transactions should be reported within 30 minutes of the transactions to the trade repository, clearly marking the purpose of the transaction, whether it’s for hedging or not. The trade repository will be run by the Clearing Corporation of India Ltd. (CCIL). "In case a market participant assigns a CDS contract to any other market participant, the market-maker in the assigned contract shall r...

People under consideration said please, no, please no. god, no. we wouldnt have enough room at this table to put them all. mick mulvaney saw his next gig, would have given up a very valuable apendage to get that job. some people would laugh at that as maneuvering. whatever you think of the president, the president should have a chief of staff who wants to be there and wants to try to fix what is a mess. >> hes ambitious. i covered him in the house. he was always a bomb thrower. he cheered for sh...

System in arkansas. i was a legal services lawyer defending poor people. i went to work to try to make sure we got health care in the beginning of husbands administration because of so many people who were left out and uninsured. i have been on this issue in many different ways. ho do we makedicati education m equal? how do we make health care more equal? of course thats tied to income equality. theres a broader range of issues that i have a long record addressing. when i was in the senate win t...

Equality, but there is a broader range of issues i have a long record of addressing. when i was in the senate i took on corporate executive pay. a lot of the abuses i thought were there. i took on these derivatives and credit default swaps that contributed to the collapse of the economy and the great recession. i stood up to wall street. i called them out. so i have a very long record. i have a broader agenda. its not the only thing i talk about because i think you have to view the quality of op...

When they could have the heads we win, tails you lose economy. they could bet it all. bet on the credit default. if they lose we still bail them out. the american people really need to pay attention to this. >> youre right. and congresswoman, the thing that galls me. banks just had their best quarter since the crisis. posing their biggest quarterly revenue increase since 2009. yet thats not enough. more rule changes are needed? theyre going to do this if democrats cant do this on this one. it wi...

Progress snuck into that piece there at the end. if theyre all saying the default would be a disaster, there is a little bit of progress. thank you for the reporting this morning. well take any hope we can get. lets assume that of any political stripe down there, theyre starting to see that going into credit default would be economic disaster. but why? what exactly would happen? how would it impact you? lets bring in christine romans. shell break it down for us. what does it mean? >> it means th...

Think of the country much like a company. >> at the end of the day, theres a perception that if we simply cut costs, we cut spending, that suddenly we will have magically have prosperity. how does -- if you have an economy where the banking system is designed to suck money out of your country, not invest it using the credit default, the trade agreements are rigged in favor of trading partners, when you look at the tax code, which is designed to distort the flow of capital to a very specific grou...

It four, five, six maybe and then you are maybe tracking a disillusionening period that takes a while. he moved to different offices. he was in new york and then london, some other office at a certain point. so these are the different stages of grief when you are a capitalist. >> i guess. >> i guess what you could say is this was not a rush to judgment for him. he took it in over a careful enough period of time. >> right. >> if we were sitting here and saying he only worked there four years they...

Takes a while. he moved to different offices. he was in new york and then london, some other office at a certain point. so these are the different stages of grief when you are a capitalist. >> i guess. >> i guess what you could say is this was not a rush to judgment for him. he took it in over a careful enough period of time. >> right. >> if we were sitting here and saying he only worked there four years they would be telling us oh, come on, he didnt experience it. >> but he sat through the whol...