Credit Default Swaps
Wednesday, March 3rd, 2010 at
8:42 pm
khanacademy asked:
Introduction to credit default swaps
Filed under: Credit
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Slave Trading=Credit? Default Swaps… Slavery=Debt=Credit… Swaps=Trade… Default=Unpayable
Sweet a math channel! I NEED this!!!!!
found out. it’s paint. I’lll use GIMP
what program do you use?
11 minutes? Here, I’ll save you 10 of them. A credit default swap is a bet that whatever it’s written against will fail. Since 2001, 50 Trillion dollars worth of Credit Default Swaps were written against nearly every mortgage in America. Now ask youself, do you think the Wall Street men who invented these instruments (and bought them) might have an interest in seeing your home values fall? -Think about that the next time you notice banks are doing nothing to discourage strategic foreclosures.
Best lessons ever!
Great job! Since, now even Greenspan admits that, markets are not self regulating. Who should we look to to set rules and regulations to govern these financial insturments?
Thank you so much!!!! Tomorrow I am writing a test and I didn´t get the whole thing about Credit Default Swaps… but now, it´s clear!!! Thanks!!!
great job now give me something more about ifrs ias some hedge accounting
THESE ARE SOOOOOOOOOOOOOOOO HELPFUL. completely eclipse my shithouse lecture slides/readers i’m used to working with!
Great Job , The Government should Hire you , the best explanation about this practice , bar none.
One of the greatest videos on You Tube. This should be shown on all networks. I really mean it. I bet .00000001% of American really knows what happened with the Great Recession!! Heaven forbid anyone tells us!!
Thanks so much!!!
Thank you soooo much!!! I have a test tomorrow and this was the one thing I just could not get. I was so confused! (@,@)
aig got its AA rating based on its own assets, not what they can borrow….
Sal….u are BRILLIANT! This was so clear. I totally understand CDS now. I have searched on the net for examples of what the heck they are…and you explained it so clearly here. Right…now onto the next video (I’ve watched about 5 today – they are addictive!)
good job
thanx
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Brilliant stuff. had been trying to find reading material on this but kept getting consfused. this is so good! thanks!
do the banks only lend up to how much money they have in the vault in their basement??? clearly not even close!
Holy **** are you retarded?
The justification for collateral is the fact that the whole fucking economy just fucked itself over because of bullshit swaps like this.
God damn, with people like you alive it makes sense why the world is so fucked.
There is no justification for aig to set aside in assets what they have insured ….as they can borrow to pay out in event of default. I don’t see this as being “shady”. It is subject to some risk, but so is everything else.
excellent video! AIG’s business was really running on luck.
I’m doing research for an author and have needed to learn the entire sphere of the financial lexicon from scratch. This video is the best explanation on CDS’s BY FAR that I have seen
Great Vid!
Reminds me of the Federal Deposit Insurance (FDIC) on savings deposits at your local bank. They insure WAY more in deposits than they could ever cover if there were a financial collapse.
very helpful video.. help me finishing my term report. thank you ^_^