Great explanation of “CDS”s & “CDO”s
We watched this video in my financial planning class this past Saturday. This guy does a great job of explaining what a Credit Default Swap (CDS) and Credit Default Obligation (CDO) are. The presenter also does a nice job of showing how a tangled web of these derivative contracts can lead to heightened systematic risk. I learned a thing or two from it….
Posted: November 2nd, 2009 under Miscellaneous.
Tags: how did credit default swaps endanger the economy?, what is a CDO?, what is a CDS?