Today we look at Credit Default Swaps.
All videos from the good people at Khan Academy.
As far as Haze is concerned the CDS trade is gambling - and the US government had to bail out the biggest bookie (AIG) when it all went tits up in 2008.
Anyway - draw your own conclusions - The Haze will say more later in the month.
Hey wait a minute - so you can place these side bets even if you don't own the security!?
Amazing isn't it? And I bet you imagined it was all pukka and respectable? Well maybe not.
Posts
