Untangling credit default swaps

Marketplace Senior Editor Paddy Hirsch is back with the second of his Crisis Explainer videos. This time he goes to the whiteboard to make the complicated world of credit default swaps easier to understand.

Reaction has been very positive to Paddy's first lesson on collateralized debt obligations -- "Uncorking CDOs." If you haven't seen it, he'll make you an expert.

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