Unlicensed insurance: Credit Default Swaps (CDS’s): Part 3, play at your own risk
[Continued from yesterday's Part 2 and the previous Part 1]
“I bet you’re solvent.”
“I’ll take that bet.”
– The essential bargain made by a CDS buyer and seller
It’s just like the first time I came here, isn’t it?
We were talking about automobile insurance, only you were thinking about murder.
By now we’ve seen, via a useful Economist article, [...]
