If you are serious about investing, then you should be serious about your ongoing education. No doubt most of you have heard about Credit Default Swaps (CDS) and the role they played in the current financial crisis – but how many of you actually understand them?
I’ve posted information here in the past but the following presentation by Goldman Sachs is the most thorough resource we have found yet. Enjoy.
Hat Tip to the good people at distressed volatility.
Regards,
George
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