Author Archives: Peng Robert

Global Financial Observer Dr. Robert Peng Dear friends, I have received many inquiries recently about CoCo bonds, also known as contingent convertible bonds, issued by Credit Suisse. One of the concerns many people have is whether investing in such instruments means buying an asset without any protection, as the Swiss government can cancel them at…

Photo by Jamie Street on Unsplash Regarding the 2008 financial crisis, most people only saw on the surface that the Wall Street elites in the United States caused the collapse of century-old institutions such as Lehman Brothers, Fannie Mae, Freddie Mac, Bear Stearns, Ambac, MBIA, and others due to improper manipulation of derivative financial products.…