The Secretive Circle That Rules a $14 Trillion Market

A small group of financial institutions holds the key to the $14 trillion credit insurance market. Bloomberg's Nabilla Ahmed explains the power base held by 15 banks and the conflict involved in the decisions they make on credit default swaps. She speaks on "Bloomberg Markets." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/23)
21:00 - Bloomberg Daybreak: Americas hosted by Alix Steel, David Westin and Jonathan Ferro. Guests include Geoffrey Yu of UBS Private Banking, Kevin Rudd of the Asia Society Policy Institute, and Charles Falconer of Gibson Dunn & Crutcher. (Source: Bloomberg)
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