A Mischievous Kind of Gaming

Item sets: The Sphex Club Papers; Jones Memorial Library Manuscripts Collection

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Identifier: JML.MS1133-0028
Barcode: JML.MS1133-0028
Title: A Mischievous Kind of Gaming
Description: Text of a lecture delivered to the Sphex Club in Lynchburg. This paper provides a comprehensive review of the evolution of life and speculative insurance from the 18th century to modern financial instruments like Credit Default Swaps (CDS) and Collateralized Debt Obligations (CDOs). Kevin Smith delves into the historical context of insurance legislation, highlighting the transition from gambling-like speculative insurance to laws requiring insurable interest, and connects these concepts to contemporary financial crises, particularly the role of CDSs and CDOs in the 2008 financial meltdown. He advocates for stronger regulation, concluding that while recent measures have mitigated risks, significant challenges remain.
Date: 2 February 2017
Creator: Smith, Kevin G.
topic: SPHEX Club - lectures; Smith, Kevin G.; Gambling
Location: Lynchburg, Va.
Digital Format: pdf
Language: English
Publisher: George M. Jones Library Association
Repository: George M. Jones Library Association
Rights: https://creativecommons.org/licenses/by-nc-nd/4.0/; George M. Jones Library Association
Rights Holder: Smith, Kevin G.; George M. Jones Library Association