Unlicensed insurance: Credit Default Swaps (CDS’s): Part 2, no sympathy for the devils?
[Continued from yesterday’s Part 1.]
“I bet he croaks soon.”
“We bet he won’t.”
– The essential bargain in Credit Default Swaps
I think he’s very ill – lead poisoning?
As we saw yesterday, even as a Credit Default Swap has something in common with a life-insurance policy on a third party, it’s also a risk concentrate and risk shifter. As [...]
