# A webinar presented by Prof. Marti Subrahmanyam on credit default swaps is cited

1 Faculty News March 27, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_030797.jpg?itok=LgWQZS_5)>

Excerpt from [Minyanville.com](http://www.minyanville.com/trading-and-investing/fixed-income/articles/credit-default-swaps-insurance-credit-markets/3/27/2012/id/40041) -- "I had the pleasure of listening to a webinar presented by Professor [Marti Subrahmanyam](http://www.stern.nyu.edu/faculty/bio/marti-subrahmanyam) of the NYU Stern School of Business last week. Some of the incentives created by CDS include what is referred to as an “empty creditor” problem; this is someone who is both long the bond and the CDS protection and therefore has no net economic exposure."

[Read more](http://www.minyanville.com/trading-and-investing/fixed-income/articles/credit-default-swaps-insurance-credit-markets/3/27/2012/id/40041)