Credit Default Swaps

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I caught the BBC Newsnight program a couple weeks ago that talked about Credit Default Swaps and the threat they bring to the US Economy. I found it to be very interesting. Came across the video on the BBC’s website: http://news.bbc.co.uk/2/hi/programmes/newsnight/7506653.stm

The scariest part of this whole Credit Default Swap issue is the likelihood of a domino effect that could bring down many of the worlds best known financial institutions. Interesting video.

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