Archive for the ‘Understanding Credit Default Swaps’ Category

Scene 2: Understanding Credit Default Swaps
August 18, 2009

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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

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