How about someone sells a whole bunch of credit default swaps on some really risky asset backed securities and takes the proceeds and pays off the loans so defa

How about someone sells a whole bunch of credit default swaps on some really risky asset backed securities and takes the proceeds and pays off the loans so default is impossible. https://www.wsj.com/articles/SB124468148614104619 https://www.wsj.com/articles/SB124468148614104619