|
If you don't understand what credit default swaps I'l explain. It's a lot more complicated then that but in a few words :
I's insurance agaisn't another compagny (banks and insurance compagnies in this case) colapsing).
They never thought the banks would have colapsed so pretty much every real estate transaction is insured by a 3rd party. If a bank fails, that 3rd party has to pay up.
__________________
Quote:
Originally Posted by rayadp05
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
|
|