R&R’s Raynes Comments on Greek CDSs

As controversy mounts over the dual role of investment banks in hiding and betting against Greece’s sovereign debt, The New York Times quotes R&R Consulting principal Sylvain Raynes on how credit-default swaps give an illusion of safety but actually increase systemic risk.
Read the full article in the February 25 edition of the NYT Dealbook, “Banks Bet Greece Defaults on Debt They Helped Hide.”