A credit default swap is insurance against the possibility of default. Learn about their role in the financial crisis of 2007 ...

Economists have previously warned that even a near default could spark a recession ... Referring to the year the Great Depression began, Trump continued: "It was Biden's problem, not ours.

So comparisons with the Great Depression, which have been of academic ... It failed to fully appreciate the implications for AIG’s credit default swaps. It failed to understand that its own ...

However, comparing it to the Great Depression is hyperbolic. This is reminiscent of the old Harry S. Truman adage, “It's a recession when your neighbor loses his job; it's a depression when you ...

One of the most popular New Deal programs, the Civilian Conservation Corps put three million young men to work in the nation's forests and parks at the height of the Great Depression.

Ultimately, the Great Depression in Europe had tremendous ramifications ... By 1934, all three nations were in default on their loans to American banks. When Germany defaulted on its foreign ...