Credit Default Swap – CDS in India

To begin the explanation just wanted to quote some of the financial baron’s views on CDS:

In 1993 George Akerlof Nobel prize-winning economist predicted that the next meltdown will be caused by the CDS.

In 2003 Investment legend Warren buffet called them as weapons of mass destruction.

Man behind the Subprime crisis Former Fed Chairman Alan Greenspan – betted big on them as Continue reading “Credit Default Swap – CDS in India”