Credit Default Swaps explained clearly in five minutes
Posted by Mielno | Posted in News | Posted on 27-03-2010
Tagged Under : Black Hole, Credit Default Swaps, Newsnight
thebigscreen asked:
BBC Newsnight feature by Alex Ritson on Credit Default Swaps – until recently a little-known financial product that Lehmans Brothers, AIG and the Icelandic banks were up to their necks in. Could this be the black hole at the centre of the financial crisis?
