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Like greece. now people are betting on whether it is going to default or not. >> price of credit default goes up as what they insure goes down in value. they're insurance in case of a default. because greece moves ever closer to default, credit default swaps are moving up in price. but the problem is can i just interject? the problem is if greece does default, the cdss have to be paid off. somebody, the person who issued the credit default swap will have to pay a lot of money, which is what happened with the sub prime. guess who is issuing t issuing ? aig. aig, which we essentially nationalize...

Like greece. now people are betting on whether it is going to default or not. >> price of credit default goes up as what they insure goes down in value. they're insurance in case of a default. because greece moves ever closer to default, credit default swaps are moving up in price. but the problem is can i just interject? the problem is if greece does default, the cdss have to be paid off. somebody, the person who issued the credit default swap will have to pay a lot of money, which is what happened with the sub prime. guess who is issuing t issuing ? aig. aig, which we essentially nationalize...