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Disruption Dominos 2.0: The McClatchy Company (Long CDS Shenanigans)
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Disruption Dominos 2.0: The McClatchy Company (Long CDS Shenanigans)

May 02, 2018
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Disruption Dominos 2.0: The McClatchy Company (Long CDS Shenanigans)
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In “Credit Default Swaps (Long Yield, Baby, Yield),” we discussed credit default swaps and the ongoing battle between hedge funds in the Hovnanian matter.* The Commodity Futures Trading Commission has finally weighed in. There were no minced words:

"The CDS market functions based on the premise that firms referenced in CDS contracts seek to avoid default…

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