New York Stock Exchange
It’s sad that one of the key components of this downturn goes across the grain of basic, sound economic practices. CDS, or the credit default swap, is a financial instrument created by JPMorgan Chase that allows banks to offset their risks.
Without getting to technical, the premise of the CDS is simple. Banks can [...]
Posts tagged CDS
CDS and Economics 101
New York Stock Exchange
It’s sad that one of the key components of this downturn goes across the grain of basic, sound economic practices. CDS, or the credit default swap, is a financial instrument created by JPMorgan Chase that allows banks to offset their risks.
Without getting to technical, the premise of the CDS is simple. Banks can [...]