4 ms·
You're missing the very best part ... in many cases, the C parties allowed customers to assemble their own CDS specifically containing the very worst segments o
by rsync 10y ago
You're missing the very best part ... in many cases, the C parties allowed customers to assemble their own CDS specifically containing the very worst segments of the contracts between parties A and B (to stretch your analogy).
- infinite8s 10y agoIt's not an analogy - you are confusing the difference between CDS (which is what chollida1 described) and MBS (a type of collateralized debt obligation the is pooled together and various buckets of risk are tranched and securitized, which is the aspect you describe).