YouTube - Credit Default Swaps explained clearly in five minutes

Published: June 9, 2009, 12:33 pm

Not pretending to know anything about stocks, swaps, etc., just posting what seems pertinent from buzz words used on the news relative to our current financial crisis.

Youtube sidebar comment by the person posting this video:

"BBC Newsnight feature by Alex Ritson on Credit Default Swaps - until recently a little-known financial product that Lehmans Brothers, AIG and the Icelandic banks were up to their necks in. Could this be the black hole at the centre of the financial crisis?"

YouTube - Credit Default Swaps explained clearly in five minutes

Entry #1,173

Comments

jarasan - Jun 9, 2009, 8:48 pm

The numbers are staggering, huge global involvement ,and creative to say the least. Thanks Konane! It is kinda/almost like futures trading with invested monies.

konane - Jun 9, 2009, 8:57 pm

Thanks Jarasan!! Normally my eyes glaze over with financial info like this and previous videos posted. However, since it's at the heart of our current financial nosedive, trying to wrap my mind around as much of it as possible.

YouTube - Credit Default Swaps explained clearly in five minutes

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