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Review: Maya @ Sweet Spa 29

Ripple65

Review Contributor
Messages: 1,658
Reviews: 63
Joined
#7
Actually, it is Credit Default Swap, a product that helped cause Great Recession...
They were interchangeable. It wasn't CDS that caused the great recession. It was CDO'S packaging mortgages that were crap and selling them to dumb add investors
 

Defiant

Registered Member
Messages: 81
Reviews: 13
Joined
#9
They were interchangeable. It wasn't CDS that caused the great recession. It was CDO'S packaging mortgages that were crap and selling them to dumb add investors
Correct, but CDS products made the whole mess much worse. They essentially provide protection against catastrophic events. So that is why AIG had to be bailed out.
 
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