CDS Credit default swap
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Why was this recommended to me?!
LauritZenc 3 months ago
when they try to explain the concept of CDS to me it's like they speak a different language
vittorioabr 1 year ago 2
As hard as I tried the to comprehend the mind-boggling concept of Credit Default Swaps the only thing I learned from this presentation is that I don't understand Japanese.
Raptor3400 1 year ago
Subtitle, please.
conanyoon 3 years ago
reported on NPR 10/4/08 on This American Life that for the taxpayers to purchase this huge, stinking pile of garbage assets and get nothing in return is certainly possible.
However, someone in both Sen and House has added language to the bailout bill to give the Treasury Secretary the OPTION of requiring stock in the failed banks, along with the worthless assets.
Sort of like yes, we'll buy your bad debts, but we also get a share of your business.
Q: How do we force them to do this now?
kinimalia 3 years ago