11 minutes? Here, I’ll save you 10 of them. A confidence default swap is a bet that whatever it’s written against will fail. Since 2001, 50 Trillion dollars worth of Confidence Default Swaps were written against nearly each finance in America. Now question youself, do you reckon the Wall Street men who invented these instruments (and bought them) might have an interest in seeing your home values fall? -Reckon about that the next time you notice banks are doing nothing to discourage strategic foreclosures.
Fantastic job! Since, now even Greenspan admits that, markets are not self regulating. Who should we look to to set rules and regulations to govern these financial insturments?
One of the greatest videos on You Tube. This should be shown on all networks. I really mean it. I bet .00000001% of American really knows what happened with the Fantastic Recession!! Heaven forbid anyone tells us!!
Sal….u are BRILLIANT! This was so clear. I really know CDS now. I have searched on the net for examples of what the heck they are…and you clarified it so clearly here. Right…now onto the next video (I’ve watched about 5 today – they are addictive!)
There is no justification for aig to set aside in assets what they have insured ….as they can borrow to pay out in event of default. I don’t see this as being “shady”. It is subject to some risk, but so is everything else.
orginunknown says:
EXCELLENT JOB!
this is how this stuff should be clarified. dumbed without financial jargon thats meaningless to the layman. bravo.
lazytj says:
fantastic introductory video, although, it would have been more beneficial if you also touched upon the use of CDS in confidence risk management
tonytone73 says:
lmao… “Pesion Fund. Me. Pension Fun. Pensioon… Fuundd.”
rayzn11 says:
Slave Trading=Confidence Default Swaps… Slavery=Debt=Confidence… Swaps=Trade… Default=Unpayable
CarolineLuvFert says:
Sweet a math channel! I NEED this!!!!!
traceyrmj2 says:
establish out. it’s paint. I’lll use GIMP
traceyrmj2 says:
what program do you use?
farmboycarl says:
11 minutes? Here, I’ll save you 10 of them. A confidence default swap is a bet that whatever it’s written against will fail. Since 2001, 50 Trillion dollars worth of Confidence Default Swaps were written against nearly each finance in America. Now question youself, do you reckon the Wall Street men who invented these instruments (and bought them) might have an interest in seeing your home values fall? -Reckon about that the next time you notice banks are doing nothing to discourage strategic foreclosures.
Freddycd15 says:
Best lessons ever!
jscanlan22 says:
Fantastic job! Since, now even Greenspan admits that, markets are not self regulating. Who should we look to to set rules and regulations to govern these financial insturments?
08Marina08 says:
Thank you so much!!!! Tomorrow I am writing a test and I didn´t get the whole thing about Confidence Default Swaps… but now, it´s clear!!! Thanks!!!
luam82 says:
fantastic job now give me something more about ifrs ias some hedge accounting
ed1962 says:
THESE ARE SOOOOOOOOOOOOOOOO HELPFUL. completely eclipse my shithouse lecture slides/readers i’m used to working with!
timtag27 says:
Fantastic Job , The Regime should Hire you , the best explanation about this practice , bar none.
BlahBlahBlah55209 says:
One of the greatest videos on You Tube. This should be shown on all networks. I really mean it. I bet .00000001% of American really knows what happened with the Fantastic Recession!! Heaven forbid anyone tells us!!
Thanks so much!!!
BettyRox0890 says:
Thank you soooo much!!! I have a test tomorrow and this was the one thing I just could not get. I was so baffled! (@,@)
autorancho says:
aig got its AA rating based on its own assets, not what they can borrow….
chubbychilli says:
Sal….u are BRILLIANT! This was so clear. I really know CDS now. I have searched on the net for examples of what the heck they are…and you clarified it so clearly here. Right…now onto the next video (I’ve watched about 5 today – they are addictive!)
chena3 says:
excellent job
thanx
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bharati1986 says:
Brilliant stuff. had been trying to find reading material on this but kept getting consfused. this is so excellent! thanks!
gate14zer says:
do the banks only lend up to how much money they have in the vault in their basement??? clearly not even close!
OntologicalQuandary says:
Holy shit are you retarded?
The justification for collateral is the fact that the whole fucking economy just fucked itself over because of bullshit swaps like this.
God damn, with people like you alive it makes sense why the world is so fucked.
temanite98 says:
There is no justification for aig to set aside in assets what they have insured ….as they can borrow to pay out in event of default. I don’t see this as being “shady”. It is subject to some risk, but so is everything else.
rexyseth says:
brilliant video! AIG’s business was really running on luck.