Javi How ransomware attacks are roiling the cyber insurance industry
Question: If there is no way to currently value the mortgages on which the value of derivatives collateralized mortgage obligations, etc. depend, how are losses on those derivatives such as AIG $62 billion loss calculated If you can ;t value something, how do you write it down ! Paul Solman: AIG is heavy into credit default swaps CDSs . For an in-depth explanation of what a CDS is, you can see our recent piece on the topic. And for Jon Stewart humorous mockery of our explanatory methods, watch the first minute or so of THIS piece. Credit default swaps are traded openly, their price changing minute by minute. Once the prices of AIG swaps dip below a certain value, the company may be required to put up more collateral in effect, to add to the pool of money set aside in an escrow account, say. That money the government would now have to put up. Same thing for mortgage-backed securitie
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A Russian court has convicted Alsu Kurmasheva, a Russian-American journalist for the U.S. government-funded Radio Free Europe/Radio Liberty, of spreading false information about the Russian army and sentenced her to
yeezy 6陆 years in prison after a secret trial, court records and officials said Monday.The conviction in the city of Kazan came on Friday, the same day that a court in the Russian city of Yekaterinburg convicted Wall Street Journal reporter Evan Gershkovich of espionage and sentenced him to 16 years in prison in a case that the U.S. called politically motivated.Kurmasheva, an editor for RFE/RLs Tatar-Bashkir service, was convicted of spreading false information about the military, according to the website of the Supreme Court of Tatarstan. Court spokesperson Natalya Loseva confirmed to The Associated Press by phone that Kurmasheva was sentenced to 6陆 in prison in a case classified as secret, with no details available of the nature of the accusations again
stanley cup st her.Asked about the verdict on Monday, Stephen Capus, RFE/RL president and CEO, denounced the trial against Kurmasheva and the conviction as a mockery of j
stanley cup ustice and said that the only just outcome is for Alsu to be immediately released from prison by her Russian captors. Its beyond time for this American citizen, our dear colleague, to be reunited with her loving family, Capus said in a statement to the AP. Left:
