If you have been following the current financial crisis closely, then you might have heard about the term Credit Default Swaps. Paddy Hirsch of Market Place offers a pretty good explanation of what CDS are and how they work.
Untangling credit default swaps from Marketplace on Vimeo.
Saturday, October 25, 2008
Untangling Credit Default Swaps
Labels:
Business,
Economy,
Financial Crisis,
Financial Jargon,
Free Markets,
US
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