Bloomberg Press just released a new book on credit default swaps, entitled CDS Delivery Options.  Here are a few chapter titles that sparked my interest and may warrant a purchase of what could be an informative and entertaining book:

  • The Music Stops in Home Prices, Lending, Wall Street
  • Fed in a Box
  • The End Game for the Government Sponsored Enterprises
  • A Review of Treasury Futures Mechanics
  • Distorted Economics

There are two chapters devoted to moving the economy forward – “Designing an Angency Credit Derivatives Futures Contract” and “Bringing the Index to an Exchange”.  These chapters lead me to believe the book’s main audience is the crooks on Wall Street who created this mess.  It also leads me to believe that the crooks would have EVENTUALLY stepped in to clean up their own mess, had the government not handed them blank taxpayer funded rescue checks.

The last chapter is a bear market case study on “The ABX Meltdown”.   It’s possible that this chapter could discuss Barrick Gold’s 2006 buyout offer for Nova Gold…  Additional update after the book arrives…

CDS Delivery Option: Better Pricing of Credit Default Swaps
CDS Delivery Option: Better Pricing of Credit Default Swaps by David Boberski