Good discussion of Credit Default Swaps (CDS)
If you’re like me, you’ve probably heard some mention of these things over the last couple of weeks, but had absolutely no idea what the heck they were. If so, I strongly recommend reading the article below. It provides a good overview of them in a way that I actually feel like I (somewhat) understand the issues.
The $55 trillion question
The financial crisis has put a spotlight on the obscure world of credit default swaps - which trade in a vast, unregulated market that most people haven’t heard of and even fewer understand. Will this be the next disaster?
By Nicholas Varchaver, senior editor and Katie Benner, writer-reporter, CNN Money
Last Updated: September 30, 2008: 12:28 PM ET