A quick video under 3 minutes explaining how credit default swaps work. If you watched the movie The Big Short this video will give you a kid like explanation of what happened.
Great video!
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A quick video under 3 minutes explaining how credit default swaps work. If you watched the movie The Big Short this video will give you a kid like explanation of what happened.
Great video!
I've never seen this video before. But it's really good and explains the concept simply!
In my opinion, credit is ONLY good / useful / permissible if you use it for some (mainly corporate) development. I don't think real estate loans are repayable to the customer (of course, the bank is), and personal loans are absolute nonsense / a waste of money...they're just tricks for banks to exploit people.