Scene 2: Understanding Credit Default Swaps

Return Home

This first part of the podcast explains how the need for the credit default swaps developed and why people decided to buy.   It also explains why people in Wall Street didn’t want to call these products insurance.

This second part of the podcast explains what went wrong with the Credit Default Swap market, how the industry evolved into something more a betting industry, what the repercussions were for corporations that issued these swaps in the first place.

Works Cited

Advertisements

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: