Shakia Gavel
Thursday, August 4, 2011
Can anyone explain default swaps?
to this day i can't explain it; if the bank sells mbs's than isn't it off their books? why do they need insurance from AIG for somethign they sold? Why do you need insurance for a mortgage default, doesn't the bank just get the house back?
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment