A UK Personal Finance Blog – The result of direct exposure to the fallout of the financial crisis.

Insuring Debt is Stupid

Find in Debt January 19th, 2009 - 6,944 views

With talk of £300BN being used to insure banks bad debts it rang alarm bells because it’s one of the prime factors that has seen Western economies fall to their knees. Do you know what a ‘Credit Default Swap’ (CDS) is? It’s a bit like an insurance policy to protect against defaults on debts. But it’s […]

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