2 ms·
It'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
by infinite8s 10y ago
It'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).