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Though not always reliable (see: credit default swap pricing in the lead up to the financial crash in 2007/8).
by sigwinch28 6y ago
Though not always reliable (see: credit default swap pricing in the lead up to the financial crash in 2007/8).
- NovemberWhiskey 6y agoA credit default swap is not an insurance contract; you're in the world of 'buyer beware' not 'utmost good faith'. Even the monoline insurance wrappers around the various credit products were very atypically constructed insurance contracts.
- kansface 6y agoNot the swap itself, but the assessments provided by the ratings agencies.