CNN The 2000s June 4, 2024 02:38:00
Default swap. >> thats it contract between two people, one of whom is giving insurance to the other, that he will be paid in the event in the event that the financial institution fails. >> its an insurance contract. >> it is an insurance contract that they been very careful not to call it that, because if it were insurance, it would be regulated. >> aig essentially facilitated the creation of a lot of these mortgage securities by essentially providing an insurance policy, should they go bad. but...
Hit Contract Insurance Contract Derivatives Market Insurance Policy Money In The Bank Insurance Company
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