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Although credit default swaps (CDS) are essentially insurance policies against the default of a bond issuer, many investors have used these securities to rule on a particular credit event. The major bankruptcies of fall 2008 caught some investors in these contracts by surprise; after all, no major CDS event had occurred since Delphi in November …

Photo courtesy of: Melinda Caughill Time to enroll in Medicare? Social Security says, “Use our online application to register for health insurance. It takes less than 10 minutes. It’s true if (and that’s a big IF) you have a “my social security account. Previously, you could go to the Social Security website to enroll in …