A look at Naked Credit Default Swaps, more Wall Street Degeneracy
So apparently, we have Naked Credit Default Swaps. The simple story is that it’s an insurance bet between two parties that pays the difference. It’s supposed to be used as insurance or a hedge. Supposed to. But things get a little bit interesting. -here’s the idea, they’re naked. So we have literally degenerate layers and… Read More A look at Naked Credit Default Swaps, more Wall Street Degeneracy