CDS for everyone…

Often times we get asked from friends or family or folks not in the industry about topics that are pretty pervasive in the media and oft cited as “buzz words”.  This is of course an old one(CDS) but I fear few people understand what CDS’s are or how they affect credit markets or anything else for that matter and they can be quite arduous to explain.  So we generally direct people to the link below for a great layman’s explanation…..enjoy.  -1689

http://www.youtube.com/watch?v=DdEI6PkGZK8

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