Credit Default Swap Visualized

Gives description of a credit default swap by using animation to present an abstract subject. It shows how the transactions helped to bring down the financial markets.

Category:

News & Politics

Tags:

• Credit
• Default
• Swap

[704811535]

Sure a Credit Default Swap is an insurance that an investor takes out to cover his losses when he bets that his investment is going up in value or down in value. A CDO is a Collartized Debt Obligation. It just means that a bunch of mortgages have been bundled together and sold as a bond. A bond is debt where the holder of the bond is loaning the money to another investment entity. Thanks for watching my stuff.

[Tampa0123456789]

So this is what they mean by gobalization.

[704811535]

@Tampa0123456789

Yes, this is why countries like Greece, Iceland, Italy, and more are going down the tubes financialy. Thanks for viewing my video. Please pass it on so other people can understand the root cause of this.

[dreamtiger347]

thanks for the vidoe. can you just summarize in simplest term what a credit default swap is and can you explain what cdo's are thanks