Welcome Guest
( Log In | Register )
The time is now 10:03 pm
You last visited January 16, 2017, 9:40 pm
All times shown are
Eastern Time (GMT-5:00)

YouTube - Credit Default Swaps explained clearly in five minutes

Published:

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

1.
jarasanComment by jarasan - June 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.
2.
konaneComment by konane - June 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.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.