More explanations from Marketplace

Please excuse me as I carry out some other public service, however I firmly believe that what's going on in the economic sector affects everyone in a few way or some other. It's useful to recognize what is at the basis of the current financial disaster.

Here's some other high-quality Paddy Hirsch video from Marketplace. This time, Hirsch takes on Credit Default Swaps. Credit default swaps are what brought down AIG and the rest of the economic titans who've floundered and collapsed inside the last few weeks. This one's ten mins long, however it is still an entirely watchable clarification of a complicated concept that currently wreaking havoc internationally.

Untangling credit score default swaps from Marketplace on Vimeo.

Share this post