Credit Default Swaps
October 5th, 2008
THis video explains credit default swaps. Who cares? You! Why? It just cost you $700B and thats just the start>
THis video explains credit default swaps. Who cares? You! Why? It just cost you $700B and thats just the start>
I loved the explanation of the difference between a bailout and a rescue. It is important to note that a rescue is when you use your own money and a bailout is when the govt uses the taxpayers money to help those who were greedy, were not following rules or were not properly monitored. Or all of the above.
lol - “Kill Bush”.
And I’m with the masked lady. McCain and Obama are both game playa’s. We’ve yet to see either one of them play “themselves”. Pity, really.
That said, whoever gets elected, the opposition will bitch about them and say that if they’d been president, none of the continued economic trouble would have happened.
It’s got to the stage however, that neither party can “fix this”. So that’s that.
ROFL. Loved the video. And just outta interest, what the devil IS a credit default swap?
Nobody knew what a credit default swap is!